You are here: Home » India»

Go Social with Facebook Close

Our Social Reader lets you keep track of your favorite NDTV content (text, photos & videos) on your Facebook Timeline, and discover new content with friends.

NDTV

Facebook

Go Social with Facebook Close

Our Social Reader lets you keep track of your favorite NDTV content (text, photos & videos) on your Facebook Timeline, and discover new content with friends.

NDTV

Facebook

Enable Social Reading
No, Thanks

10,000 salary accounts faked by Raju: Prosecutor

email
email

Hyderabad: Ramalinga Raju will spend at least another night in jail. The CID has got another day's custody of Satyam's former boss.

But the real extent of the Satyam rot is only just coming to light. The puclic prosecutor on Thursday told the court that Satyam may have faked at least 10,000 salary accounts. The company actually employs 40,000 people, and not 53,000. Ten thousand employees were non-existent and 3,000 belong to attrition category.

CID sources told NDTV that Raju and the former Chief financial officer have confessed that they have been drawing the salary of the non-existent workers.

The public prosecutor also told the court that crores were possibly siphoned off every year, and diverted to benami accounts and that accounts were fudged, bank statements were forged and shares were transferred.

Meanwhile, SEBI's petition to interrogate Raju also comes up for hearing on Thursday.

For NDTV Updates, follow us on Twitter , Facebook , Google+ and Pinterest
Story first published:
  • Comments
Comments
Advertisement
Advertisement
Featured Services


Don't Miss
Active On NDTV
NDTV Social

Become friends with your favourite NDTV people and shows. Start now »

NDTV
UPDATES
WITH