Satyam delays restatement of accounts

Satyam Computer Services, the software company at the center of India���s biggest accounting fraud probe, delayed the restatement of its accounts by a quarter, executive V-C Vineet Nayyar said.
While the company had ���hoped for December,��� the accounts won���t be available before March because the ���fictitious��� statements stretch back as far back as 2001, Nayyar, who was chief executive officer of Satyam���s acquirer Tech Mahindra, said.Tech Mahindra chairman Anand Mahindra, who outbid billionaire Wilbur Ross and Larsen & Toubro in April to buy Satyam, has said he���s taking a ���calculated risk��� in buying Satyam before the company restates its accounts.
Satyam fell 1.7% to Rs 115 at 10:08 am in Mumbai trading.