HYDERABAD: Satyam's chief financial officer (CFO) Vadlamani Srinivas on Sunday claimed that he had no knowledge of fudging of over Rs 7,000
crore by former chairman B Ramalinga Raju.
According to sources, Vadlamani in his confession stated he wasn't aware of the fraud as his 80-member team provided him documents and he blindly signed on them.
Crime Investigation Department sleuths raided houses of the Raju brothers in Jubilee Hills and Vadlamani's residence at Habsiguda on Sunday.
Crime Investigation Department sleuths raided houses of the Raju brothers in Jubilee Hills and Vadlamani's residence at Habsiguda on Sunday.
Around 8am, 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.
The CID sleuths said there were no raids on houses of the directors of the superseded board (the Centre named three new directors on Sunday) and none of them had been arrested. "As part of the investigation, all persons or organisations involved in the Satyam case will be questioned. But so far, Satyam's board of directors, independent directors and PwC personnel have not been questioned,'' additional DG (CID) A Sivanarayana said.
Vadlamani, who was questioned by CID officials for nearly 18 hours, was produced before VI additional chief metropolitan magistrate P Ramakrishna on Sunday evening. He was remanded in judicial custody till January 23 and was shifted to the Chanchalguda jail.
Police have sought custody of Vadlamani and their petition will come up for hearing on Monday. The CID officials were tightlipped on the revelation. "Vadlamani has to be questioned further. So, we have moved a petition seeking his custody,'' IG (CID) VSK Kaumudi said.
The CID sleuths said there were no raids on houses of the directors of the superseded board (the Centre named three new directors on Sunday) and none of them had been arrested. "As part of the investigation, all persons or organisations involved in the Satyam case will be questioned. But so far, Satyam's board of directors, independent directors and PwC personnel have not been questioned,'' additional DG (CID) A Sivanarayana said.
Vadlamani, who was questioned by CID officials for nearly 18 hours, was produced before VI additional chief metropolitan magistrate P Ramakrishna on Sunday evening. He was remanded in judicial custody till January 23 and was shifted to the Chanchalguda jail.
Police have sought custody of Vadlamani and their petition will come up for hearing on Monday. The CID officials were tightlipped on the revelation. "Vadlamani has to be questioned further. So, we have moved a petition seeking his custody,'' IG (CID) VSK Kaumudi said.
No comments:
Post a Comment