Satyam accounts restatement likely by December-end: Achuthan

Fraud-hit Satyam’s restatment of accounts is likely to be completed by end of December, the company’s government-appointed Director C Achuthan has said. “It is a difficult task. Over eight years of accounts have to be looked at. However, we are hopeful of completing accounts restatement by this year-end,” Achuthan said. The multi-crore rupee accounting scam came to light after the IT major’s founder B Ramalinga Raju confessed to cooking the company’s accounts.