News and Events of India

CID is now starting the investigation on the electronic data of the fraud hit company Satyam Computer Services to get more information about the financial issues of the company. This process of monitoring the electronic data of the company, is done from the personal laptops of the former chairman of Satyam, Ramalinga Raju, his brother Rama Raju and the former chief financial officer V Srinivas and the process is also recovered from several computers of the company. These electronic data runs into terabytes of data and CID will take atleast two months of time to complete the study on these electronic data. Already CID has found the details of land purchase by the company, transaction details and original bank statements of the company. These things indicate that Ramalinga Raju actually did a huge fraud case with the finance of his company.