CBI Arrests Mahindra Satyam Audit Head

The Central Bureau of Investigation on Saturday arrested Mahindra Satyam''s internal audit head V S Prabhakar Gupta for his alleged involvement in the multi-crore accounting fraud in Satyam Computer. Gupta, who is senior Vice-President-cum-Global Head
cbi arrests mahindra satyam audit head - India TV
PTI November 21, 2009 22:43 IST

The Central Bureau of Investigation on Saturday arrested Mahindra Satyam''s internal audit head V S Prabhakar Gupta for his alleged involvement in the multi-crore accounting fraud in Satyam Computer.

Gupta, who is senior Vice-President-cum-Global Head of Internal Audit cell in Mahinda Satyam, held the same position in Satyam Computer Services Limited (SCSL).

He was arrested on charges of fabricating account books and co-conspiring with the other accused. Gupta was later produced in the CBI designated court which sent him to judicial remand till November 26.

The arrest comes just few days ahead of the CBI preparing to file a second chargesheet, as the team probing the case returned from Mauritius with some bank details.

 The CBI team had gone to probe the alleged diversion of funds by disgraced Satyam founder B Ramalinga Raju to Mauritius for re-routing it back to fictitious firms set up by the accused in India, sources said.

Gupta is the 10th accused in the Satyam case. Ramalinga Raju, the prime accused in the case, his brother and Satyam''s former MD Rama Raju, ex-CFO V Srinivas, two auditors of Price Waterhouse and three SCSL employees are already under judicial remand while Suryanaryana Raju (accused No.6) is presently out on anticipatory bail. PTI.

 
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