If the new government-appointed Satyam board is banking on the companys receivables to take care of the immediate needs of the company, they may have to think again. CID officials trying to trace the missing crores from Satyam said Raju had told them that he had taken loans by pledging Satyams assets as well as receivables expected between January and March 2009. Officials said that close to Rs 1,200 crore were raised in loans by Raju by pledging Satyams properties and receivables.
The CID is using a set of questionnaires prepared in consultation with financial experts,auditors,accountants and bank officials. The three are being questioned separately using this questionnaire,officials said on Monday.
An Economic Offences Wing officer said Raju has so far been questioned about the familys benami companies and fictitious accounts. The investigation team is also trying to find the trail of the missing Rs 7,000 crores from Satyam after Raju admitted to fudging balance sheets.
Officials said the Raju family started at least a dozen new companies,fronts which were used to acquire lands in the state. Officials are also investigating if money was transferred using benami accounts and companies from Satyam to Maytas Infra or Maytas Properties.
The AP Forensic Science Laboratory and Central Forensic Science Laboratory (CFSL) will get involved in the investigation of Rajus fraud with the EOW of the CID approaching them to retrieve data erased by the former Satyam founder and chairman from his laptops and computers.
The CFSL has a sophisticated cyber cell and experts will try to retrieve data and deleted e-mails and electronic communications of Raju.
Though the CID seized a number of documentary evidence in raids on Rajus offices and bungalows,his personal laptop is expected to yield crucial evidence and that is why cyber experts are being roped in. Among the evidence that the CID is looking for is names and numbers of bank accounts in numerous banks in the country as well as abroad.
The CID is interrogating Raju,his brother Rama Raju and former chief financial officer V Srinivas at its office near Lakdi Ka Pul. The Sixth Additional Chief Metropolitan Court,while sending Raju to CID custody till January 21,directed that police shall not use third degree methods and that Rajus lawyer Bharat Kumar shall remain present during the interrogation.
The CID is also questioning Raju on where the Rs 1,200 crore loan he says he raised by pledging Satyams assets and receivables,has gone.