INDIA The Indian government is looking into sales of Satyam shares by a group of lenders and mutual funds in the weeks before the then-chairman of the country’s fourth-largest software outsourcing company revealed that he had been fixing its accounts.
Prem Chand Gupta, corporate affairs minister, said investigators would study transactions by Merrill Lynch, domestically run DSP Blackrock and IL&FS Finance as part of a wider investigation into the scandal.
