The CBI on Friday registered a case against Satyam’s tainted founder B Ramalinga Raju and others for their alleged involvement in what it called a unique accounting fraud at the IT company,and formed a 16-member team to complete the probe at the earliest.
Describing the scam as “unique,” a CBI spokesman said the case has been registered against Raju,the company’s erstwhile directors and its auditor under various sections of the Indian Penal Code relating to forgery and cheating.
CBI has constituted a Multi-disciplinary Investigation Team (MDIT) headed by Deputy Inspector General V V Lakshmi Narayana which will be headquartered in Hyderabad to undertake a thorough probe,the spokesman said.
The case against them was registered under 120-B (criminal conspiracy),409 (criminal breach of trust),420 (cheating),467 and 468 (forgery),471 (using forged document as genuine),477-A (falsification of accounts).
Superintendent of Police of the CBI at Hyderabad will be the Chief Investigating Officer. Apart from these officers,MDIT will consist of a Superintendent of Police,Bank Securities and Fraud Cell (BSFC) and 11 other officers of CBI.
An Assistant General Manager of the SBI (CBI’s technical officer,will also be part of this team,the spokesman said.
Besides Raju,his brother Rama Raju,Chief Financial Officer Srinivas Vadlamani,G Gopalakrishnan and Srinivas Talluri have been arrested in the case.