Minister of state for corporate affairs RPN Singh informed Parliament that the Serious Fraud Investigation Office (SFIO), along with the CBI and the Enforcement Directorate, was still probing diversion of funds and role of individual directors in the scam that came to light in January 2009
New Delhi: The Central Bureau of Investigation (CBI) will file its final charge-sheet on Rs14,000-crore Satyam fraud after receiving responses to the Letters of Rogatory (LoRs) seeking information in this regard from six countries, Parliament was informed today.
The CBI is reported to have sent LoRs-a formal request sent from the court of one country to a foreign court for judicial assistance-to six countries: the USA, the UK, Belgium, British Virgin Islands, Mauritius and Singapore, reports PTI.
"CBI has issued Letters of Rogatory to six countries. Since charge-sheets will be filed after getting the information from these countries, no time limit can be indicated," minister of state for corporate affairs RPN Singh said in a written reply in Lok Sabha.
Mr Singh was replying to a question on by when the CBI was expected to file final charge-sheets on the Satyam scam.
Mr Singh further informed Parliament that the Serious Fraud Investigation Office (SFIO), along with the CBI and the Enforcement Directorate, was still probing diversion of funds and role of individual directors in the scam that came to light in January 2009.
He added that the accounting regulator ICAI is yet to punish the six CAs involved in the scam and disciplinary proceedings are underway.
In January 2009, Satyam founder and former chairman B Ramalinga Raju had confessed of having cooked the books of the company for several years. Mr Raju is at present behind the bars and cases relating the scam are being tried in a special court in Hyderabad.
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NMDC will be setting up a 300,000-tonne capacity plant to make iron ore concentrate from iron ore waste with an investment of Rs150 crore in Karnataka
State-run miner NMDC Ltd will be setting up a 300,000-tonne capacity plant to make iron ore concentrate from iron ore waste with an investment of Rs150 crore in Karnataka, a top executive of the PSU said.
The mining major has reserves to the extent of 12 million tonnes of iron ore waste from which iron can be extracted further. The waste has been generated over a period from regular mining, NMDC chairman and managing director Rana Som said.
"We have evolved certain processing mechanism in our R&D centre whereby we are in a position to extract a certain percentage of iron from them (waste). We are spending Rs150 crore for a 300,000 tonne per annum plant in Donimalai (Karnataka) where the waste are available," he said.
On Thursday, NMDC ended 1.24% down at Rs265.75 on the Bombay Stock Exchange, while the benchmark Sensex declined 3% to 17,632.41