Satyam Computer Services Ltd has announced that the Company has been served with a provisional attachment order dated October 18, 2012 issued by the Joint Director, Directorate of Enforcement, Hyderabad under Section 5(1) of the Prevention of Money Laundering Act, 2002, attaching the Fixed Deposit accounts of the Company for an amount of Rs. 8.22bn for a period of 150 days.
This attachment has been initiated consequent to the charge sheets filed by the Central Bureau of Investigation (CBI) against the erstwhile promoters of the Company and others and investigation conducted by Directorate of Enforcement under Prevention of Money Laundering Act. The Company is examining the implications of this order & will respond appropriately