CBI grills Ramalinga Raju on diversion of funds

CBI grills Ramalinga Raju on diversion of funds

CBI sleuths grilled founder and ex-chairman of the erstwhile Satyam Computers Services Limited, B. Ramalinga Raju, for about three hours on Tuesday in connection with diversion of funds to other countries.

According to official sources, the questioning of Mr. Raju would continue for the next couple of days.

The CBI reportedly sought clarifications about where he had parked the funds.

The investigating agency had in the past sent letters rogatory to six countries. While UK, USA, Singapore and Malaysia had sent part replies, Belgium and British Virgin Islands had not responded.

The sources said that the questioning centred around funds which had “come and gone” in 1999-2000.

The CBI had issued notice on Monday summoning Mr. Raju to appear before it on Tuesday.

Mr. Raju is the prime accused in the multi-crore Satyam Computers fraud case. He was granted bail on August 18 by the Andhra Pradesh High Court and was discharged from the Nizam's Institute of Medical Sciences (NIMS), where he was undergoing treatment for Hepatitis C, on October 2.

While granting bail, the court directed Mr. Raju to report daily to the investigation officer after discharge from the hospital.

Cancellation

Following a petition by the CBI seeking cancellation of the bail granted to Mr. Raju by the High Court, the Supreme Court had issued a notice to him and posted the next hearing to October 22.

via
hindu