Three more arrests in Satyam case | business | Hindustan Times
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Three more arrests in Satyam case

The CBI, investigating the Satyam financial fraud, arrested three employees including a top executive of the IT firm last night, said CBI DIG V V Lakshmi Narayana.

business Updated: Apr 06, 2009 20:07 IST

The CBI, investigating the Satyam financial fraud, arrested three employees including a top executive of the IT firm on Sunday night, said CBI DIG V V Lakshmi Narayana.

"We arrested three employees last night who designed the mechanism for the fraud and they were involved in preparing fake monthly bank statements and other documents," the CBI DIG told PTI on Monday.

The following Satyam employees were arrested: Vice-President (Finance) G Ramakrishna, and two others working in the finance department -- D Venkatpati Raju and Srisailam.

During the questioning by a two-member high-powered team of the ICAI, Satyam's former CFO Vadlamani Srinivas yesterday mentioned the name of G Ramakrishna.

With these three, nine persons in all have been arrested in connection with the fraud case.