Satyam Fiasco: More arrests likely by AP Police

Posted By: Staff
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Hyderabad, Feb 5: The Andhra Pradesh Police has said that there might be more arrests in connection with 7,500 crore fraud case of Satyam Computers, even as Securities and Exchange Board of India (SEBI) officials are interrogating Ramalinga Raju and his brother Ramaraju at the Chanchalguda jail here.

"We are constantly scrutinising the seized documents and trying to retrieve data from the hard-disks and laptops recovered during the raids of residences and offices of Satyam officials including its former Chairman B Ramalinga Raju," a senior CID official probing the Satyam fraud said on Thursday, Feb 5.

"There are over 25 trunks loaded with seized documents and we are putting all our efforts to scrutinise (them) with the help of financial experts," the CID official said.

The CID is taking help of experts of the National Informatics Centre (NIC) and Forensic Science Laboratory, besides IT experts within the department to retrieve the information.

He said, "the probe agency has been ordered by the court to share the information it has unearthed from the seized material with other Central investigating agencies like SEBI, the SFIO and the Income-Tax department."

"We are in the process of completing the scrutiny of the seized documents and retrieving data from the computers," he said.

Once the investigating agency completes its work of scrutinising the documents, more arrests will follow, the official indicated.

OneIndia News (With inputs from Agencies)

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