Raju beat regular system in Satyam to generate fake bills: CBI
The CBI has found that officials at Satyam Computer have bypassed regular system of creating invoices to generate fake bills, which were later used to show inflated revenues worth Rs 4,500 crore.business Updated: Apr 27, 2009 20:18 IST
The CBI has found that officials at Satyam Computer have bypassed regular system of creating invoices to generate fake bills, which were later used to show inflated revenues worth Rs 4,500 crore.
"The invoices were generally created using a series of software applications meant for creating and maintaining the projects, generating project IDs, software 'Ontime' for calculating hours put in by an employee," a CBI spokesperson said in a release here.
The bills were generated on Project Bill Management System (PBMS) of the company using data received from the 'Ontime' and rates agreed upon with the customer. Based on the billing advise generated by PBMS, the Invoice Management System (IMS) generated the invoices, he said.
"In order to handle any emergency needs, Satyam Computer had another method through which invoices were directly generated in the IMS by porting the date directly into the system bypassing the regular application flow," the spokesperson said.
The agency found that in order to perpetrate this fraud, the accused had allegedly planted a surreptitious programme in the source code of the IMS creating a user id 'Super User' with the power to hide or unhide the invoices in the system, the official said.
First Published: Apr 27, 2009 20:16 IST