Home BusinessSEC shares info with CBI on Satyam scam probe
A three-member team of United States Securities and Exchange Commission (SEC), America"s federal agency to regulate the securities industry in that country, exchanged information with the CBI probing into the multi-crore accounting scam at Satyam Computer here.
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As part of co-ordination in the Satyam case probe, the SEC team was in the state capital for the past two days and shared information about the progress made in investigations after meeting senior CBI officials, who are probing the Satyam fraud, reliable sources said today.
"We exchanged information with regard to progress made from our side about investigations into the Satyam case and they also shared their information gathered in US," a senior CBI official told PTI.
The SEC team also sought additional information from the CBI about the role of two arrested auditors of Price Waterhouse in the Satyam scam, who are currently in judicial remand, the official said.
The CBI is heading the multi-disciplinary investigation team (MDIT), probing the Rs 7,800-crore Satyam fraud.
This is the third visit of the SEC team to Hyderabad after it visited the city in July and February, sources said.
A CBI team also visited Mauritius and United States last month, to probe alleged diversion of funds by disgraced Satyam founder B Ramalinga Raju to these countries.