New Delhi: The Central Bureau of Investigation (CBI), investigating the fraud at Satyam Computer Services Ltd, has found that investments shown as fixed deposit receipts (FDRs) worth crores of rupees were fake and printed from the personal computer of B. Ramalinga Raju, founder of the software services firm.
This was found following a detailed analysis of Raju’s computer by CBI, officials said.
The fake FDRs showed huge amounts as interest on these deposits, projected to be around Rs376 crore as against the actual interest income of Rs7.42 lakh.
CBI has recorded statements of the banks from where the FDRs were shown to have been issued in favour of Satyam. Bank officials denied the FDRs were authentic. Later, during an analysis of Raju’s computer, CBI found the FDRs were designed and printed from the same machine, officials said.
CBI claims to have retrieved the mirror images of the FDRs that were designed on the computer. In its chargesheet, it said that with regard to the interest accrued on the non-existent FDRs, Satyam projected the final figure as Rs376 crore at the end of the second quarter of 2008 whereas the actual interest during the period was only Rs7.42 lakh.
In his 7 January confession, Raju said the balance sheet as of 20 September carried accrued interest of Rs376 crore, which is non-existent.
“Thus, it is established that in the balance sheet a non-existent accrued interest of Rs375,46,57,115 (rounded off to Rs376 crore) was fraudulently and dishonestly got reflected by the accused for the quarter ended September 30, 2008,” CBI said. Raju is in jail after confessing to have misstated accounts to the tune of Rs7,136 crore over several years.