The Hindu Business Line : Raju may face 'destruction of evidence' charge

NEW DELHI: Satyam's disgraced founder and Chairman B Ramalinga Raju may face another serious charge of “destruction of evidence'', with CBI saying that the fake Fixed Deposit Receipts (FDRs) were destroyed as soon as the multi-crore scam came to light. The agency, which is probing the biggest corporate scam of the country, said in its chargesheet that Raju as Chairman of the company got generated FDRs of various banks from his personal computer only.

''...Once the fraud came to light, these original forged FDRs were got destroyed as part of the conspiracy, which amounts to destruction of evidence...knowing fully well that the financial health of the company was poor and also knowing fully well that t he results were inflated,'' CBI said in its chargesheet.

CBI has also found that the fake FDRs were of huge amount as the interest on these deposits was projected to be over Rs 375 crore as against the actual interest income of Rs 7.42 lakh only. The investigating agency, during its analysis of the computer of Raju, found that FDRs were designed and later printed from the same machine, the sources said adding the fake certificates were retrieved from the mirror images designed on the computer. - PTI

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