Ministry asks PSUs to go easy on Satyam

Agencies Tags : satyam, psu balance sheets, bidding process, kiran karnik Posted: Friday , May 15, 2009 at 1836 hrs

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The two auditing firms, Karnik earlier said, were in the process of restating the books of accounts and the process is taking time.

According to an inquiry report by the SFIO, which investigated the scam, Satyam has been fudging the books of accounts since 2001-02 to show good financial results and ensure higher prices for its shares in the stock markets.

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