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Company Secretary’s statement recorded as Evidence in Satyam’s case

A local court trying Satyam Computers multi-crore accounting scam today recorded the version of Company Secretary of Mahindra Satyam – G Jayaraman who informed the court about the previous board resolutions, loans taken from various banks with or without board resolutions etc.

Serious Fraud Investigation Office (SFIO) has named Jayaraman as an accused in the Satyam scam. The case is separately being tried in another court. Jayaraman also informed the court about the fees paid to the auditors and testified various documents including signatures on them and mentioned that the two auditors who were accused in the case- A Gopalakrishnan and T Srinivas belonged to PricewaterHouse, Bangalore, which was an independent entity from PricewaterHouse.

As per the Supreme Court direction, the metropolitan court will have to complete the trial by July 31.

Meanwhile, the economic offences court which is trying the cases filed by SFIO completed hearing of charges in four cases.

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eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

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