Andhra court lets Mahindra Satyam access records
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Last Updated: Friday, April 23, 2010, 19:52
Hyderabad: The special Court hearing the Satyam Computer case today partly allowed the petition of the new management of the company Mahindra Satyam, to have an access to the documents seized by the CBI.

Referring to the petition of Mahindra Satyam that sought release of the record rooms at Satyam Technology Centre (STC) and 'My Home Hub' premises here which were sealed by CBI as part of the investigations, the special judge trying the Satyam scam cases, BVLN Chakravarti, allowed the petitioner to gain access to the seized documents.

The court directed the CBI, probing the multi-crore accounting fraud in Satyam Computers, to permit the petitioner an uninterrupted access to the two premises and take copies of the documents stored there in the presence of CBI officials till the completion of restatement of accounts.

"Mahindra Satyam has been directed by Company Law Board to restate the accounts of Satyam Computers by June 30, 2010 and the related documents have been kept in financial records godown at both the premises," the petitioner had said.

The court also directed the petitioner not to damage the records during verification or while taking copies of the same and also asked it to bear the expenses incurred by CBI for providing access to the records.

Earlier, the CBI had opposed Mahindra Satyam's plea to gain access to the premises till the filing of another chargesheet on "diversion" of funds by Satyam accused.


First Published: Friday, April 23, 2010, 19:52

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