Ramalinga Raju’s device churned out fixed deposit papers: CBI

Ramalinga Raju’s device churned out fixed deposit papers: CBI
PTI
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First Published: Sun, Apr 26 2009. 07 29 PM IST
Updated: Sun, Apr 26 2009. 07 29 PM IST
New Delhi: Detailed analysis of the computer of Satyam’s disgraced founder Ramalinga Raju has revealed that investments shown as fixed deposit receipts (FDRs) worth crores of rupees were fake and printed from his personal device, says the CBI.
The fake FDRs showed huge amounts as the interest on these deposits was projected to be over Rs375 crore as against the actual interest income of Rs7.42 lakh only.
The CBI, which is probing the case, made a detailed analysis of the computer of Raju, during which this was found by the sleuths, official sources said.
The CBI has recorded the statements of the banks from where the FDRs were shown to have been issued in favour of Satyam Computer Services Limited (SCSL). The bank officials had denied that the FDRs were authentic, the sources said.
The CBI later, during the analysis of the computer of Raju, found that the FDRs were designed and later printed from the same machine, the sources said.
The CBI claimed to have retrieved the mirror images of the FDRs that were designed in the computer, the sources said.
In its charge sheet, the CBI said that with regard to the interest accrued on the non-existent FDRs, SCSL projected the final figure as Rs375 crore at the end of the second quarter of 2008 whereas the actual interest during the period was only Rs7.42 lakh.
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First Published: Sun, Apr 26 2009. 07 29 PM IST