The CBI team had gone to probe the alleged diversion of funds by Satyam founder B Ramalinga Raju to the country for further re-routing back in India to the fictitious firms set up by the accused, official sources said. Funds were re-routed back to India via European countries as ‘investments’ in nearly 300 alleged fictitious companies floated in the name of his relatives.
The CBI,probing fraud at Satyam, has found during investigations that Raju had diverted big amounts to Mauritius.
(Published 04 November 2009, 16:23 IST)
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