I had no knowledge of fudging Rs 7,000 cr: Ex CFO

Posted By: Staff
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Hyderabad, Jan 12: I had no knowledge of fudging of over Rs 7,000 crore by former chairman B Ramalinga Raju, claimed Satyam's chief financial officer (CFO) Vadlamani Srinivas on Sunday, Jan 11. In his confession statement Vadlamani stated that he wasn't aware of the fraud as his 80-member team provided him documents and he blindly signed on them, sources said.

The house of Raju brothers in Jubilee Hills and Vadlamani's residence at Habsiguda was raided by Crime Investigation Department (CID) on Sunday, Jan 11. Vadlamani also confessed that bank deposits were handled directly by Chairman and MD. So I was specifically asked not to look into the account. " I used to have discussion with auditors PricewaterhouseCoopers and the auditors never pointed out any discrepancies", ex CFO disclosed. According to me fixed deposits are unreal and fictitious which were managed and was an understanding between the audit section management, he said.

Around 8 am, five special teams of CID personnel reached the houses of the Rajus on Road Number 62, Jubilee Hills, and Vadlamani's house on Street Number 3, Habsiguda, armed with search warrants. During the searches, the special teams, comprising CID and city police personnel, seized several documents and copied data from computers on the three premises.

The CID is also working with SEBI and Registrar of Companies in the searches at Satyam's offices in Hyderabad. Vadlamani, who was questioned by CID officials for nearly 18 hours, was produced before VI additional chief metropolitan magistrate P Ramakrishna on Sunday evening, Jan 11. He was remanded in judicial custody till Jan 23 and was shifted to the Chanchalguda jail.

OneIndia News (With inputs from Agencies)

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