Satyam scam: CBI team back from Mauritius,2nd chargesheet soon
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Last Updated: Wednesday, November 04, 2009, 18:08
  
New Delhi: A second charge sheet in the multi-crore Satyam scam will be filed soon as the CBI team probing the case has returned from Mauritius with some bank details from the island nation.

The CBI team had gone to probe the alleged diversion of funds by disgraced Satyam founder B Ramalinga Raju to the country for further re-routing back in India to the fictitious firms set up by the accused, official sources said.

Funds were re-routed back to India via European countries as "investments" in nearly 300 alleged fictitious companies floated in the name of his relatives, they said.

The CBI, which is probing the Rs 10,000-crore accounting fraud at Satyam Computer Services, has found during its investigations that Raju had diverted big amounts to Mauritius -- a tax haven --from where the money was brought back to India via several European countries, sources said.

CBI sources said this would help the agency in filing the second charge sheet against the accused which will include some more bank transactions made from the island nation.

They said the amount of Rs 7,800 crore mentioned by the founder chairman of the firm in his "confessional statement" earlier this year was far less then what was emerging out during the investigations.

The second charge sheet may highlight some more financial transaction made by Raju and some of his associates, the sources said.

CBI filed the first charge sheet on April 7 this year.

Bureau Report


First Published: Wednesday, November 04, 2009, 18:08


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