Andhra police to make further Satyam-related arrests

February 5th, 2009 - 5:15 pm ICT by ANI  

Ramalinga Raju

Hyderabad, Feb 4 (ANI): The Andhra Pradesh police is expected to arrest more people in connection with the Rs.7, 800 crore Satyam Computers fraud case.
“We are constantly scrutinising the seized documents and trying to retrieve data from hard-disks and laptops recovered during the raids in residences and offices of Satyam officials including its former chairman B Ramalinga Raju,” a senior Central Bureau of Investigation (CID) official investigating the Satyam fraud said on Thursday.
The Central Bureau of Investigation has loaded 25 trunks with seized documents that are being looked into by financial experts.
The agency has also hired National Informatics Centre (NIC) and Forensic Science Laboratory experts within the department to scrutinise company documents.
The Supreme Court has ordered the CID to share facts related to the fraud case with other investigating agencies like the Securities and Exchange Board of India (SEBI) and the Serious Fraud Investigation Office (SFIO).
The official said that once the investigating agency completes its work of scrutinising the documents, more arrests would follow.
He further informed that the CID was also taking help from auditors and chartered accountants to check balance sheets and other accounting statements of the fraud-hit Satyam Computers. (ANI)

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in National |