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Satyam was a 
24,000 crore scandal, says CBI
By siliconindia
|
Thursday, 19 August 2010, 19:54 IST
5,361 crore, the CBI says that it was a much higher 24,000 crore scandal. In its earlier chargesheet, CBI raised the scam figure to 7,000 crore.
It seems to be a long wait before Raju is brought to justice. According to sources close to the issues, it will take at least two years before the Enforcement Directorate (ED) manages to get all the answers that it has sought in letters rogatory sent to 60 countries, reports The Times of India.
The ED wants to find out whether Satyam's accounts overseas have been cheated by Raju and his aides. The ED can file a chargesheet in the special court set up to try Raju related cases, only after it gets any replies.
According to an investigator, the total magnitude of the scam will take months to be revealed.
The CBI has found more than 400 fictitious companies floated by Raju and his associates for the purpose of diverting the (alleged) proceeds of crime. The bureau has also identified nearly 2,000 acres of land acquired by Raju and family with these proceeds.
