Satyam fraud: CBI takes over documents, materials from CID
A day after the CBI registered a case in the Rs 7,800-crore Satyam fraud case, the probe agency on Saturday took over all the documents and other materials from the Andhra Pradesh Police.
A team led by DIG VV Lakshmi Narayana met officials of the Andhra Pradesh CID and discussed the investigation conducted so far and the status of the the case. Andhra Pradesh CID was probing the scam that rocked the corporate India.
“We have taken up the case now and have began investigation into the case,” Narayana told reporters after holding discussions with the CID.
CBI has taken into its custody the seized documents, CDs, laptops and case dairies prepared by the Andhra Pradesh police, official sources said.
The CBI yesterday filed a case against Satyam’s disgraced founder Ramalinga Raju and others in what it called a unique fraud at the IT company, which has now been put up for sale.
Besides Raju, who is in judicial custody, Satyam’s erstwhile directors and auditor have been named in the CBI case filed under various sections of the Indian Penal Code relating to forgery and cheating.