The Andhra Pradesh government has decided to hand over the investigation of the Satyam Computer Services scandal to the Central Bureau of Investigation even as a 12-member team of the Serious Frauds Investigation Office (SFIO) has prepared an interim report on the Rs7,136 crore accounting fraud by promoters of the IT major.
''The interim report, based on the outcome of SFIO teams' questioning of five key accused in the fraud now under judicial custody in Chanchalguda central prison in Hyderabad, is being sent to the union ministry of corporate affairs,'' said a person assisting the probe.
The Andhra Pradesh government has issued an order handing over the probe into the Satyam Computer fraud to the CBI, according to state home minister K. Jana Reddy.
He said the govern mt had issued an order on 13 February handing over the probe to CBI.
Sources in the department of personnel, under which the CBI functions, said it has received a notification under section 6 of Delhi Police Special Act.
The department is likely to issue a notification to the CBI tomorrow directing it to probe the country's biggest ever corporate scam, currently being investigated by the Serious Fraud Investigation Office (SFIO).
Chief minister YS Rajasekhara Reddy had earlier written to prime minister Manmohan Singh proposing that the CBI take over the investigation into the Satyam fraud.
The case is currently being probed by several; state-level and central agencies, including CB-CID, SEBI and SFIO.
After the case is handed to CBI, all judicial proceedings will be held in the CBI court.
The new Satyam board, meanwhile, asked senior vice president Anil Kumar to step down. It did not give any reasons.