The government, after ordering probe into IPOs of all listed companies, has ordered to scrutinize accounts of the education software and services firm, Educomp Solutions and Six public sector companies.

The move is aimed to check financial irregularities of accounts of these firms after the disclosure of largest ever corporate fraud committed by disgraced Satyam's Chief B Ramalinga Raju and other top executives of beleaguered software company.

An official source said, "Their books will also be inspected under Section 209A." However, Shantanu Prakash, MD of Educomp Solutions while rejecting the charges, said, "We welcome the move. We have nothing to hide. I am sure we will get clean chit from the investigation."

Educomp stock price declined sharply when the news about accounting issues came up few days back. Educomp issued clarification regarding the same to help the stock valuations. Educomp is also advertising on various financial websites to spread positive message about the company and clarify the company's stand against allegations.

Prem Chand Gupta, Corporate Affairs Minister of India declined to comment on the matter and said, "I would not like to comment on any individual case but I assure you that fraud, if any, will be investigated and the guilty will be brought to book."

Meanwhile, PSU companies, under the scanner of Corporate Affairs Ministry, include Hindustan Copper Ltd, Bengal Chemical and Pharmaceuticals, Bihar State Tourism Development Ltd, Bihar Rajya Pul Nirman Nigam Ltd, Central Coalfields Ltd, Bharat Coking Coal Ltd. These PSUs would be inspected under Section 209A of the Company act for not filing required documents with the Registrar of Companies (RoC) for the last several years.