The Central Bureau of Investigation (CBI) on Friday (February 20) filed an FIR against disgraced Satyam founder B Ramalinga Raju and other company officials. The CBI also formed a 15-member multi-disciplinary investigation team (MDIT) consisting of police officials and chartered accountants to dig out the truth about Rs 70-billion fraud. According to reports, the CBI in its FIR has named B Ramalinga Raju under sections of the IPC related to cheating and forgery. The FIR mentions directors and auditors but does not name them.

 

The CBI which plunged into Satyam scam on February 18 aims to find out the names of the company's former directors who were involved in the scam. The nodal probe agency will also try to find out the role of auditors when Raju carried out the fiscal fraud. According to a statement of a CBI official, the agency has taken up the fraud case from CB (crime branch) CID, Andhra Pradesh and registered an FIR against all the accused persons.

 

The MDIT team of CBI which will probe the scam consists of officers from different branches in CBI in addition to a superintendent of police, an official from the Bank Securities and Fraud Cell and assistant general manager of the State Bank of India. The 15-member team is headed by CBI DIG in Hyderabad, V V Lakshmi Narayana. The cabinet secretariat has promised to offer full cooperation to the CBI team during its investigation.