India's CBI Arrests Satyam Internal Audit Head

Satyam Computer's internal audit head V S Prabhakar Gupta has been arrested by India's Central Bureau of Investigation for allegedly falsifying accounts including inflating the overseas employees pay bill, reports The Economic Times.

 

According to the Times, the arrest comes just few days ahead of the CBI preparing to file a second chargesheet. Quoting a CBI spokesman, the Times reveals that Gupta has been arrested after being arraigned as an additional accused. He has been produced before the court and has been remanded to judicial custody till November 26.

 

The Times says that the CBI is set to file a second chargesheet after the agency found that Satyam's (now Mahindra Satyam) disgraced founder B Ramalinga Raju had diverted large amounts to Mauritius--a tax haven--from where the money was brought back to India via several European countries.

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