Satyam founder to undergo lie-detection tests

Satyam founder to undergo lie-detection tests
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First Published: Tue, Mar 24 2009. 08 13 PM IST
Updated: Tue, Mar 24 2009. 08 13 PM IST
Hyderabad: The Central Bureau of Investigation (CBI) has sought permission from a local court to run lie-detection tests on B.Ramalinga Raju, founder of fraud-hit Satyam Computer Services Ltd.
The CBI, which is investigating India’s biggest corporate swindle, wants to conduct polygraph and brain-mapping tests on Raju, his brother and former Satyam managing director B.Rama Raju and former chief financial officer Srinivas Vadlamani. All three are currently in custody.
Polygraph is also known as a lie detector and brain mapping is a neuroscience technique. Both seek to detect whether a person being interrogated is lying. Results of such tests, however, are not admissible as evidence in a court of law but may provide clues to investigators.
Justifying the request, CBI counsel B.Ravindranath said: “The three accused did not give proper answers to certain crucial questions during the custodial interrogation, which would have enabled CBI to establish certain facts.”
S.Bharat Kumar, lawyer for the Raju brothers and Vadlamani, confirmed the development and said: “We have time till 28 March to respond to CBI’s demand.”
If the court gives CBI permission, the three accused will be taken to the State Forensic Science Laboratories in Hyderabad for the tests.
Meanwhile, Selective Insurance Group Inc., a US-based client of Satyam, in a 27 February filing to US markets regulator Securities and Exchange Commission said that it may terminate its contract with Satyam due to the “financial issues they (Satyam) are currently facing.” Satyam provides staffing services to Selective, which in its filing said that Satyam provides “25% of its capacity for skilled technology resources.”
Separately, Satyam told the Indian stock exchanges in connection with the competitive bidding to divest 51% stake that bidders have to promise to retain a maxximum of 100 identified key employees for at least one year. The successful bidder will also have to bear the expenses of investment bankers Goldman Sachs Group Inc.and Avendus Capital, which are advising Satyam in finding an investor. The successful bidder is expected to be announced by 30 April, the company said in its filing.
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First Published: Tue, Mar 24 2009. 08 13 PM IST