Ever since the Raju brothers and CFO Srinivas Vadlamani, were handed over for interrogations to the state CB-CID, the investigators have been releasing information to the media of what they say Satyam's three former top managers have said under interrogation, that has led the investigators into scrutinising various transactions by Maytas Infra and Maytas Properties.
Serval media reports have stated details of the investigation which as of now are unverified.
Here are extracts of some:
Andhra Pradesh CB-CID has raided the house of Suryanarayana Raju in Hyderabad and recovered 112 sale deeds of different land purchases and development agreements.
Suryanarayana Raju is the youngest sibling of Ramalinga Raju and owns 4.3 per cent in Maytas Infra, the infrastructure services firm promoted by the Raju family.
Documents of 41 companies have been recovered, which include meeting minutes, income tax returns and bank accounts. Several cheque books, cash vouchers in Ramalinga Raju's name have also been recovered. The raids began last night and continued throughout today.
The Economic Times
Satyam Computer Services' chief financial officer Srinivas Vadlamani has given a new turn to ongoing investigations by confessing to having inflated the number of employees by 10,000.
He told CID officials interrogating him that this helped in drawing around Rs20 crore per month from the related but fictitious salary accounts. Though Srinivas claimed that the fake jobs were created from 2004 onwards, CID officials are looking into Satyam's history right till 2001.
Raju was informed of the dangers of misleading, giving wrong answers or even being indifferent. "This is more like a Kaun Banega Crorepati game. The more you cooperate, the fewer bad marks. But you get good scores only if you give proper and relevant answers to the questions," the investigators told him.
Raju, sources familiar with the questioning said, has admitted to a large extent on the land bought for Maytas. "It was my strategy - a buffer plan to hold on in the market in the event the US turned totally against outsourcing, an eventuality we all feared," Raju is learnt to have told his interrogators.
How did he amass so much land in such a short time and did not encounter opposition from political outfits and landsharks?
"You are either na´ve or pretending to be," he is learnt to have told his interrogators. "I had the full backing of the powers-that-be (in the administration). Otherwise, I could not have accumulated so much land in such a short period. I should say those in government departments openly supported our activities since they knew who were behind us. The land registration offices worked overtime and sometimes even on Sundays for our benefit. Of course we took care of the peripherals (transport, food and also entertainment) for those who were working for us."
"Naming people or parties will not help. I am also not naming which period either. I was given full access since they had confidence in whatever we were doing both before 2004 (when the Congress came to power defeating the Telugu Desam) and also now," he said.
Investigators contend that Raju is still not revealing all. "He is diplomatic and also feigns ignorance. For example, he does not explain how he paid for the land deals. Whether he used Satyam funds for that," said an official.
Raju, the officials said, is sticking to his stand that he hasn't taken any money for personal gain. "I am not a thief. I have not taken any money from Satyam that did not belong to me. You can check everything," is his refrain.
His interrogation room is in an isolated section inside the three-storied complex and has been painted greyish blue, just like his personal chambers in the Satyam office or his bedroom in the Jubilee Hills bungalow. "We wanted him to relax and also to be on familiar ground so that he was not under any pressure and also could do more soul searching," said a senior official. But he has to sleep in a 10x10sq-ft room without a toilet.
On Sunday, Raju was alowed to rest after a decent lunch that included fish curry, his favourite dish, and fried prawns, his first non-vegetarian meal since 11 January when he was put behind bars.
The Indian Express
There are reports that Raju swindled money through 6,000 fake salary accounts in last few years. Sources said he had created these accounts in four banks to divert the funds from fixed deposits.
Some of these funds flowed through his accounts in foreign banks. With Raju confessing to diversion of funds, the Serious Fraud Investigation Office and Registrar of Companies are now trying to trace a Mauritius-based company used for channelising the money to Maytas, according to local reports.
Another report in The Indian Express said as many as 40 applicants have thrown their hats in the ring for the top job of CEO at scam-tainted Satyam. "We have received around 40 applications for the post of the top job in Satyam... The board would be meeting to consider the CEO and CFO," Deepak Parekh, a member of the newly-constituted Satyam board, told reporters.
The Times of India
The CID raided the office of the the Raju family's SRSR Advisory Services Private Limited on Tuesday and seized as many as 400 documents pertaining to land deals. Even as it is looking to question B Suryanarayana Raju, brother of Satyam's ex-chairman B Ramalinga Raju and a shareholder of SRSR, he has gone 'missing'.
"Before we take further action, we want to first question him but he has not been accessible," CID IG V S K Kaumudi told TOI on Wednesday.
SRSR Advisory's shareholders include B Suryanarayana Raju, B Ramalinga Raju, B Rama Raju, B Nandini Raju, B Raja Raju (Jr), B Jhansi Rani, B Radha and B Teja Raju. The board of directors include B Suryanarayana Raju, B Nandini Raju, B Radha and B Teja Raju.
"The documents seized indicate that several thousands of acres were purchased in different locations in the country and they were registered in the names of several family members of Ramalinga Raju," a CID official said.