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Monday, January 19, 2009

Satyam - the fallout continues

In my last post I had said that the ‘Satyam saga’ will carry on for some time and have it’s effect across the board especially on the IT and real estate sectors.

And that’s exactly what is happening now, the fallout is continuing.

The government on Monday decided to widen its sphere of investigation and look into realty firms Matyas Infra and Maytas Properties.
The Serious Fraud Investigation Office (SFIO), which is conducting the investigation against Satyam, has been asked probe the accounts and other assets of the two companies.
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