Mumbai: Indian construction firm Maytas Infra Ltd said on Thursday its account books were being probed by the country's Serious Fraud Investigation Office. The company, promoted by the founders of fraud-hit Satyam Computer Services, said the investigation would delay its quarterly results that were due by January 31.
The Serious Fraud Investigation Office will probe also Maytas infrastructure as part of the Satyam financial scam probe.
Corporate affairs minister P C Gupta said on Monday evening that initial investigations suggest a clear nexus between Satyam, Maytas properties and Maytas infrastructure.
Sources have said the company is facing serious money crunch, and needs Rs 1,110 crore to tide over the crisis and Rs 500 crore to pay the January salary to employees.
Meanwhile a search is also on for a new CEO for the embattled IT firm. Network-18 learns that the board is looking at a 10-day time period to pick someone to head the company. Over 40 applications have come in so far.
There is now also a question mark on the number of employees Satyam has. It is reported that Satyam has 53,000 employees.
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