Thursday, March 26, 2009

CBI pitches for lie-detector test on Raju

CBI today pitched for a lie- detector and other scientific tests on Satyam Computer's disgraced founder B Ramlinga Raju, alleging that the accused was still holding back certain facts about the accounting scam in the company. Terming the Satyam fraud as unique - as the accused was also the one who had founded the company, CBI Director Ashwani Kumar said: "We feel that Raju has not shared everything that he knows about it.
This is a case of corporate fraud and the suspect is the same person who has brought up this huge organisation." The CBI Director was talking to reporters on the sidelines of a function here.
He said the CBI has filed an application before before the local court in Hyderabad seeking nod to conduct polygraph test on Raju and his brother, besides the company's former CFO. The court will hear the matter on March 28. On the basis on Raju's confessional statement, the probe agencies had arrived at the conclusion that the scam was to the tune of Rs 7,800 crore.
However, during investigations by the CBI, the agency claimed to have found evidence showing that funds to the tune of Rs 10,000 crore could have been misappropriated. In a related development, a team of CBI officials met Institute of Chartered Accountants of India and sought some papers related to auditor PriceWaterhouse, the bookkeeper of Satyam.

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