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CBI official says Satyam investigation almost complete

The investigation into the over Rs 7,136-crore Satyam Computer Services financial fraud by the Central Bureau of Investigation is almost complete.

The investigating agency had filed three charge-sheets in the case so far with a host of charges on the key accused Mr B. Ramalinga Raju, founder and former chairman of Hyderabad-based Satyam Computer, his brother and former Managing Director, Mr B. Rama Raju, and former Chief Financial Officer, Mr V. Srinivas, and nine others.

By this month-end, we will be closing prosecution evidence in the trial court in support of charge-sheets we have already filed,” Mr V.V. Lakshmi Narayana, Deputy Inspector-General, CBI, told Business Line here on Saturday.

The cross-examination of witnesses would be followed after the closing of prosecution evidence. After this, there would be arguments and judgments, the senior CBI official said.

We have almost completed investigation in line with the charges we have made and found evidence for basic manipulation, falsification of accounts, tax evasion and diversion of funds by Mr Ramalinga Raju, and other accused,” he said.

Asked about the possibility of more charges on the accused, Mr Laxmi Narayan said it would depend on the outcome of probe into overseas transactions of the accused.

The CBI had earlier sent requests to six countries including Belgium, US, Singapore and British Virgin Islands seeking details on fund-diversion by Mr Raju. We did get some responses and the communication is on with these countries. The final outcome will be known shortly, he said.

 

Source ; Business Line

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