Bhave, Gupta may meet PM on Satyam fiasco

Bhave, Gupta may meet PM on Satyam fiasco
PTI
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First Published: Sat, Jan 10 2009. 02 55 PM IST
Updated: Sat, Jan 10 2009. 02 55 PM IST
New Delhi: Corporate affairs minister Prem Chand Gupta and Sebi chairman C B Bhave, who met here to discuss the developments in scam-hit Satyam, are likely to meet Prime Minister Manmohan Singh on Saturday evening.
Gupta had earlier said that there will be co-ordinated action against the tainted founder of Satyam Ramalinga Raju and others for their involvement in the Rs7,800 crore financial fraud.
Sources said that Bhave met Gupta to take stock of the situation and progress in the probe.
Asked whether they would be meeting Singh together, sources said they may.
Meanwhile, the 8-member team of SFIO, which was rushed from Delhi to Hyderabad to investigate into the scam, will submit its report within a week.
Raju, who was arrested on Friday by the Andhra Pradesh police, will be produced before the Magistrate on Saturday.
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First Published: Sat, Jan 10 2009. 02 55 PM IST