Wednesday, January 21, 2009

Satyam Raju faked over 6000 salary accounts

See it in NDTV.com online http://profit.ndtv.com/2009/01/21134045/Raju-may-have-faked-over-6000.html>. Under the title : “Six members of Satyam top brass involved?”; quoting sources reports Raju may have faked over 6000 salary accounts.

Use of fake bank accounts for the embezzlement of money is not an isolated case of B Ramaliga Raju of Satyam but there are thousands of such unscrupulous people who open up fake, bogus or benami bank account and carry on their illicit money transactions siphoned by fraud, corruption and crime. “A simple way to stop it is to bring in Mandatory Biometric Identity in All Bank Account.” As there is “no political will” to get it.


Valerian Texeira
St. Joseph Nagar Jeppu
Mangalore – 575002 INDIA

1 comment:

Anonymous said...

I understand that they did 7K crore or more fraud to make more and more money. But faked employees is the cheapest way and I still fear that there is any further bottoms to this case.

Also the way investigation has progressed and police/CID is talking more about this issue rather than the actual money issue, the whole investigation should move out to central government intelligence agencies. http://ienvisage.blogspot.com