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CBI team reaches Hyderabad to probe Satyam scam

CBI team reaches Hyderabad to probe Satyam scam

The CBI has constituted a 15-member team to probe the fraud.

New Delhi: A CBI team has arrived in Hyderabad to investigate the Satyam fraud. The team is meeting Andhra Pradesh CBI officials on Saturday and getting briefed on the investigations so far. The CBI has constituted a 15-member team headed by DIG, Hyderabad V Lakshiminarayanan to probe the Satyam fraud.

Superintendent of Police of the CBI, Hyderabad will be the Chief Investigating Officer. An Assistant General Manager of the CBI will also be a part of this team.

Apart from these officers, MDIT will consist of a Superintendent of Police, Bank Securities and Fraud Cell (BSFC) and 11 other officers of CBI. An Assistant General Manager of the SBI (CBI's technical officer, will also be part of this team, the spokesman said.

Describing the scam as "unique," a CBI spokesman said the case has been registered against Raju, the company's erstwhile directors and its auditor under various sections of the Indian Penal Code relating to forgery and cheating.

The CBI team called the Multi-disciplinary Investigation Team (MDIT) will be headquartered in Hyderabad to undertake a thorough probe.

On Friday, the CBI registered a case against former Satyam chairman Ramalinga Raju and others allegedly involved in the scam.

The case against them was registered under 120-B (criminal conspiracy), 409 (criminal breach of trust), 420 (cheating), 467 and 468 (forgery), 471 (using forged document as genuine), 477-A (falsification of accounts).

Besides Raju, his brother Rama Raju, Chief Financial Officer Srinivas Vadlamani, G Gopalakrishnan and Srinivas Talluri have also been arrested in the case.

first published:February 21, 2009, 14:37 IST