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The SFIO, the investigating arm of the Corporate Affairs Ministry, may seek more time to complete investigation and submit its report on the movements of funds.
The agency has been asked by the ministry to probe the angle of siphoning off of money in the Satyam fraud and submit its report in two months.
"The investigation could take time as the financial accounts of over 350 companies need to be reinstated and over 700-800 bank accounts need to be checked, which may take more than two months. Inspections like these need months to be completed," an official source told PTI.
Ever since Satyam founder B Ramalinga Raju confessed to the accounting scam in January this year, there have been suspicions about funds having been shifted overseas.
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