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Sebi team reaches Hyderabad to start Satyam probe

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Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 7:17 PM IST

A special team formed by the market regulator Securities and Exchange Board of India (Sebi) to probe the Satyam scam reached Hyderabad today.

The committee, headed by Sebi's Southern Region General Manager A Sunil Kumar, has been asked to submit the report to the Sebi at the earliest, a senior Sebi official told PTI here.

"They have left for Hyderabad to start the investigation process," the official said.

Sebi formed the special team following the confession by the IT-major's Chairman B Ramalinga Raju admitted gross manipulations in the company's balance sheets in the past several years.

Shares of Satyam had slumped to a 10-year low yesterday following the developments in the company.

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First Published: Jan 08 2009 | 2:30 PM IST

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