The CBI can start the investigations into the Rs 7,800-crore Satyam fraud, Andhra Pradesh government has issued a government order to handing over it. The government order is already submitted to the High Court by Andhra Pradesh government which is issued on February 13, by the state home minister.
The chief minister said that the case has many consequence including overseas operations and is a fit case to be investigated by the CBI for ensuring justice to various stakeholders.
Already, Securities Exchange Board of India (Sebi), the market regulator, is investigating into the Satyam scandal and has recorded the statements of B Ramalinga Raju, his brother Rama Raju, and former chief financial officer Srinivas Vadlamani for three days from February 6 to 9.
A Ramakrishna Reddy the Prosecutor said that he will confront him with the documents that he has submitted to the department.