Centre to put Satyam fraud case on fast track


“The case is required to be put on the fast track so that the guilty can be punished quickly,” he said.
“SFIO has completed the investigation in the case and the ministry has asked it to chalk out a strategy for prosecution in coordination with the CBI (Central Bureau of Investigation),” he added.  
SFIO has already submitted a 14,000-page report on the Satyam case to the ministry of corporate affairs.
According to Khursheed, the next priority of the ministry would be to reintroduce the Companies Bill, 2008, which was introduced in the last Lok Sabha and has lapsed.  
“The government’s focus will be on the protection of interest of average investors, particularly small investors, and ensure that nothing goes wrong, in addition to bringing in more transparency for boosting public confidence,” the minister said.
A number of issues related to the corporate governance framework, including the role of directors and the role of auditors, also need to be examined carefully, Khurshid added.

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