Raju's Secret Den

23 Jan 2009, 0900 hrs IST, ET Bureau

 

HYDERABAD: Tainted Satyam Computer Services founder B Ramalinga Raju maintained a secret den in the up-market Somajiguda area of the city to use it as a back office for all his secretive dealings, according to a source in the police department. 

 

“Raju used this place for fudging certificates and documents related to employees and bank statements and for operating accounts. The Crime Investigation Department (CID) gathered this information from Satyam’s former CFO Srinivas Vadlamani during interrogation. This led us to flat no. 507 in an apartment named Gulrej in Somajiguda,” said the police source. 

 

On Wednesday night, a special CID team headed by inspector general of police (Economic Offences Wing) VSK Kaumudi broke the apartment’s doors and seized several documents related to the Satyam scam. The documents are understood to contain vital information on how funds from Satyam were diverted to purchase land in fake names. The CID team has seized documents providing information on land purchases in Visakhapatnam, Hyderabad and the financial dealings of the Rajus in other countries, from this apartment. 

Sources said the apartment was for the exclusive use of Ramalinga Raju and his brother Rama Raju, and was accessed only by a limited number of their family members. The CID search operation continued till after mid-night Wednesday. Two other flats belonging to Raju relatives were also searched. 

 

While one of them is opposite flat no. 507 in Gulrej apartment, the other is in Pet Bashirabad. The police raided these flats after extracting information related to Prasad Raju, son of the youngest Raju brother B Surayanarayana Raju. SRC: ET