New Delhi, Jan 10: One of statements in Ramalinga Raju's letter to Board and SEBI read that he is ready to face any trial under law. But despite the statement, Raju has not lived upto it. Even after Raju's arrest, Satyam bank statements have been missing, reports TOI.
The Hyderabad office of Registrar of Companies (ROC) raided the three sealed Satyam offices but the statements are found nowhere. TOI further reports, "Companies have to keep bank statements for the current and preceding years at registered offices. It is suspected that the files vanished as they would have given away the fraud, rendering Raju and his accomplices liable for immediate penal action."
"The ROC is likely to recommend a comprehensive investigation by the Serious Fraud Investigation Office (SFIO), which may be accepted as early as next week. There is already enough evidence to make a foolproof case for an SFIO probe," sources in the corporate affairs ministry said.
The ROC, in its report, will also reflect that the company violated the requirement under the rules to keep the statutory documents at the headquarters.
OneIndia News (With inputs from Agencies)
The Hyderabad office of Registrar of Companies (ROC) raided the three sealed Satyam offices but the statements are found nowhere. TOI further reports, "Companies have to keep bank statements for the current and preceding years at registered offices. It is suspected that the files vanished as they would have given away the fraud, rendering Raju and his accomplices liable for immediate penal action."
"The ROC is likely to recommend a comprehensive investigation by the Serious Fraud Investigation Office (SFIO), which may be accepted as early as next week. There is already enough evidence to make a foolproof case for an SFIO probe," sources in the corporate affairs ministry said.
The ROC, in its report, will also reflect that the company violated the requirement under the rules to keep the statutory documents at the headquarters.
OneIndia News (With inputs from Agencies)
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