Ramalinga Raju siphoned more than One Billion $ : CBI

Satyam Computer Services Limited founder B Ramalinga Raju and his cohorts created Super User ID to siphon off more than one billion dollars, according to Central Bureau of Investigation probing India’s biggest Corporate fraud.

Surreptitiously incorporating a subroutine in the source code of to Invoice Management System (IMS), Raju and his gang of five hid 7561 invoices worth Rs 5117 crore in the IMS.

Leveraging Computer Forensic Technique and Electronic trials, CBI was able to decipher the modus operandi of Satyam fraud.

It was ascertained in the probe that the Raju gang had already entered 6603 of these false and fabricated invoices, amounting to Rs 4746 crore in their books of account to implicate the inflow the Company’s revenue.