CBI arrests three more Satyam employees

Hyderabad, Apr 6 (ANI): The Central Bureau of Investigation (CBI) arrested three more Satyam Computer Services employees on Monday in connection with the multi-billion fraud committed by the IT major. "We arrested three employees last night who designed the mechanism for the fraud. They were involved in preparing fake monthly bank statements and other documents," CBI Deputy Inspector General V. V. Lakshmi Narayana, said.

The arrested Satyam employees are: Vice-President (Finance) G. Ramakrishna, and two others working in the finance department- D. Venkatpati Raju and Srisailam.

Satyam's former Chief Financial Officer Vadlamani Srinivas on Sunday mentioned the name of G. Ramakrishna in front of a two-member high-powered team of the Institute of Chartered Accountants of India (ICAI).

Nine persons have been arrested so far in connection with the Satyam fraud case. (ANI)