Satyam directors acted like ‘rubber stamps’- Says CBI

Satyam directors acted like ‘rubber stamps’- Says CBIThe highly infamous Satyam scandal, which had made big news in 2009, robbed over Rs 14,000 crore off the investors’ booty, with Ramalinga Raju and his relatives being accused of having made Rs 2,700 crore by cheating in the deal of shares.

It has been found that most of Satyam’s top notch people are guilty of fraud in the scam.

The case has been taken to a Hyderabad court.

The investigators, following a trail of evidences, found out that manual entries had been made in the company’s systems to forge fraudulent sales.

In the search for the culprits behind these made up invoices, it was found that un-track-able computers were used, and that these rogues used to come to office late at night occasionally to meddle with the sales.

A hundred properties worth Rs 3 crore has been found interfered with as of now, and the approached courts in the respective states will soon reach a judicial decision on them, under the criminal law ordinance Act.