The economic offence investigation wing of the government, the Serious Fraud Investigations Office, would take at least a year to probe the financial fraud at Satyam Computer, a senior official said on Wednesday.
"We are still awaiting directions from the Ministry of Corporate Affairs. Normally it takes at least one year to complete the probe," said the Serious Fraud Investigation Office functionary.
Pointing out that normally the Ministry gives six months to the SFIO to complete investigation, the official said, but in this case the agency may need about a year.
However, in a company like Satyam we may take less time in collecting documents from banks and other financial institution, he said.
In cases of a complex nature where companies are closed and promoters are absconding, the SFIO could take up to three years to complete the probe.
The Ministry has asked the Hyderabad Registrar of Companies (RoC) to look into the matter.
"If the RoC finds prima facie fraud in the affairs of the company and investigations need to be done then the MCA would give us direction to do that," the official said.
