Cops dig into Raju past

Cops dig into Raju past

Hyderabad Jan. 16: Investigators probing the Rs 8,000-crore Ramalinga Raju fraud at Satyam Computers are digging up audit records from 2000 to trace diversion of funds from the company, even as it emerged that the disgraced IT icon had purchased a palatial house just three months ago. An investigating official said, “we are going through each and every document particularly those related to funds transfer and banking.” He said the IT returns and bank accounts are being scrutinised. In his confession statement, Mr Raju had told police that he has been fudging the records for seven years. He had admitted to as much in his January 7 confession admitting to fraud at Satyam Computers. Police is conducting a for-ensic audit of the computers and other electronic material seized from the offices and houses of Satyam Comp-uters officials. Investigators found that Mr Raju had recently boug-ht a palatial house behind his existing house on Road No: 62. “His brother-in-law, Mr Ravi Raju, told us that Mr Ramalinga Raju had bought it three months ago,” said an investigating official. On Friday, the Serious Fraud Investigation Office slapped notices on Maytas Infra and other companies associated with the family to provide information. Sources said the SFIO was seeking information on accounts, balance sheets, funds flow and financial details. The SFIO is looking into whether there was any fund diversion and funds flow from Mauritius.