CID finds clinching evidence against Raju bros

Written by: Super Admin
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Hyderabad, Jan 16: CID officials of Andhra Pradesh have found crucial information regarding the Satyam's fraud from the seized laptops, hard-disk's and various documents in the raid. The officials raided the scam ridden Satyam Computers' offices of Ex-CEO, Ramalinga Raju, his brother and former MD Ramaraju and Ex-CFO Srinivas Vadlamani on Sunday, Jan 11 and Monday, Jan 12.

"The officials are also taking the help of accounting professionals to understand the details of the issue," a senior officer probing the case said.

"We are working day and night on the issue. The probe will take time given the magnitude of the matter," he said.

"The CID is likely to quiz a top executive and three directors of the firm's disbanded Board in a day or two to get further information about the scam," he said.

"We are waiting for tomorrow's court decision where bail petitions of former Chairman of Satyam B Ramalinga Raju, his brother and former MD Rama Raju and ex-CFO Vadlamani Srinivas will come up along with SEBI's plea for quizzing Raju and CID petition seeking their police custody," he said.

"We are coordinating with other probe agencies like SEBI and SFIO and exchanging information," he said.

OneIndia News (With inputs from Agencies)

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