If Satyam & Maytas diverted funds, will be prosecuted: Khurshid

If Satyam & Maytas diverted funds, will be prosecuted: Khurshid

New Delhi: The government is investigating whether Satyam and Maytas siphoned off funds from their respective companies and whosoever is found guilty would be prosecuted according to the law.

Revealing this, corporate affairs minister Salman Khurshid on Saturday said, “any aspect, any dimension relating to their (Maytas and Satyam) relationship is under investigation... reports would be made available whether money has been siphoned off and then the law will take its own course."

Reports have been doing rounds that Maytas Properties and Maytas Infra, the firms promoted by the founder of Satyam, B Ramalinga Raju, had diverted money.

Speaking to reporters on the sidelines of a Assocham event, the minister said prosecution in the multi-crore Satyam fraud case would be carried on an urgent basis.

“The core issues are accountability of people in Satyam and we now want to give undivided attention to prosecution...you can treat it as highest urgency," he added.

The CBI has already filed a chargesheet in the Satyam scam which came into light early this year when Raju confessed to manipulating books of accounts of the company for several years.

However, the Serious Fraud Investigation Office, which investigated the case, is yet to file a charge sheet.