New Delhi, April 05: The Enforcement Directorate will
register a case against Satyam Computer and its tainted
founder-chairman B Ramalinga Raju for alleged money
laundering.
The ED stepped into the multi-crore rupee fraud in
Satyam after it claimed to have found prima facie evidence
against Raju and others of violating the Prevention
of Money Laundering Act.
The CBI will file the charge sheet against B Ramalinga
Raju and others accused in the Satyam scam on April 9.
The ED sources alleged that Raju had diverted funds of
Satyam into purchasing nearly 50 plots in Medchal and
Qutbullahpur near Hyderabad.
The ED alleged that several hundred crore rupees had
been diverted from the Satyam Computer accounts and had been
invested in purchasing land and other infrastructure for
Maytas.
The Directorate will go through deals of the IT company
and ascertain their genuineness including payments made to
acquire companies abroad.
The ED will also send a team to a few countries to
investigate and get documents of bank accounts opened in
violation of Indian laws.
Bureau Report
