The Central Bureau of Investigation (CBI) informed a City Court on Tuesday that B. Ramalinga Raju and other accused in the Satyam Computers fraud forged Board resolutions and unauthorisedly obtained loans and advances to the tune of Rs. 1,220 crore in the company's.
They also created fake customers and generated fake invoices against their names in order to inflate revenues of the company to the tune of Rs. 430 crore. They resorted to criminal breach of trust and falsified the accounts pertaining to acquisition of shares of Nipuna Services Ltd and declaration/disbursement of dividends. Evidence collected revealed the role of statutory auditors S. Gopalakrishnan and Talluri Srinivas in the fraud.
These are among the new charges levelled by the CBI in a 200-page supplementary charge-sheet filed in the Satyam Computers case before the XIV Additional City Metropolitan Magistrate's Court after completion of further investigations against ten accused, including then Chairman Ramalinga Raju. The charge-sheet cited as many as 1,549 additional documents, 301 additional witnesses and nine material objects.
The entire documentation runs into a whopping 55,000 pages. The investigation agency has arraigned an additional accused V. S. Prabhakar Gupta, Global Head, Internal Audit of Satyam Computers, who was arrested and remanded to judicial custody on November 21. All the other nine accused figure in the first charge-sheet filed on April 7 this year and charged with criminal conspiracy, criminal breach of trust, impersonation, cheating and forgery, among other things. The CBI quantified the evidence about the wrongful gains made by the accused and the wrongful losses suffered by the investors and identified the huge assets acquired by the accused with the fraud amounts.
A total of 1,065 properties, whose documented value is Rs.350 crore, have been identified, which includes around 6,000 acres of land, 40,000 sq yards of housing plots and 90,000 sq.ft of built-up area. It alleged that there was a conspiracy amongst the accused to cover up the accounting scam in Satyam Computers through Satyam-Maytas acquisition deal and, in the process, cheating the investors of Maytas Infra Ltd and Maytas Properties Ltd. The CBI said it was contemplating to file separate charge sheets pertaining to the diversion of funds of Satyam Computers and the fraud perpetrated with regard to filing of the company's income tax returns as these acts amounted to distinct offences.