Raju in his letter states, "the Balance Sheet shows a inflated balance of Rs 5040 crore. Rs 1230 crores has not been reflected in the books," states Raju.&13;
While Ram Myanpati will act as Interim CEO, Merrill Lynch can be entrusted to explore.
As per the revelations, second Quarter numbers were inflated to Rs 2700 crore vs Rs 2112 crore actual numbers. No board member had any knowledge of the real situation of the books.&13;
Shares in Satyam Computer shed all gains to turn negative after Satyam announced its Chairman's resignation from the board. Share prices of Satyam were down by 61.42 per cent at 69.10 rupees. (12.10 pm)&13;
Raju has claimed to stay in the board till it is extended. He also states that he is prepared to subject himself to the law.&13;
OneIndia News (With inputs from Agencies)&13;&13;&13;