ED to probe money transfer in Satyam scam: Khurshid

NEW DELHI - Minister of State for Corporate Affairs Salman Khurshid on Tuesday said the Enforcement Directorate probing the financial irregularities in the multi-crore Satyam scam is investigating if some money was transferred aboard.

“All the charge sheets have been filed, investigations are over, there may be some that the Enforcement Directorate is still carrying on trying to find out if there was any seepage of money going across the border aboard,” said Khurshid.

“But that does not prevent the prosecution from going forward. Now we are waiting for courts to do what needs to done under the law,” he added.

Khurshid further said the government has put in measures to check a repeat of such scams in country’s corporate affairs.

“Of late we do not have a problem of vanishing companies because particularly now the directors have a number, a din number, therefore likelihood of vanishing companies has gone down. We also have early warning system,” said Khurshid.

“We are actually automatically through a computerized programme looking at any aberrant behavior of companies that may lead to something that require closer a look and thirdly we have tightened up the prosecution procedures,” he added.

Ramalinga Raju, who resigned as chairman of Satyam Computer Services Ltd. in January 2009 has been charged for his role in a Rs 7,100 crore financial scam. (ANI)