CBI pegs Satyam scam losses at Rs 14000 cr

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The Satyam scam may actually be much bigger than it was originally thought to be - that's the word from the Central Bureau of Investigation (CBI), which is investigating the case. In a 200-page supplementary chargesheet filed by the CBI, the investigative agency says investors have suffered losses of close to Rs 14,000 crore from the scam.

It has also identified Ramalinga Raju's properties worth Rs 350 crore, and is waiting for permission from the Andhra Pradesh High Court to conduct polygraph tests on Raju and other accused.

In the 200-page supplementary charge sheet, the CBI has also came up with new findings. One is the creation of fake customers to inflate revenues to the tune of Rs 430 crore. Second is the fudging of board resolutions to take Rs 1,220 crore as loans in the name of Satyam Computers - this is an angle that has not come to light so far. The CBI says a trial can start in the Satyam case.