Satyam saga is getting murkier.I am feeling ashamed to be called a co-andhradite / an Indian. The list of frauds done by Mr.Raju seems to be endless.
Mr B. Ramalinga Raju, had ‘taken loans’ worth Rs 1,425 crore from 40 companies owned by his family or other relatives. That is not all. Most of the companies that gave loans to Mr Raju are operating from the same address and some of them do not even exist.
This was like the left hand giving a loan to right hand
Amaravathi Greenfields, Pavitravati Greenfields, Surasa Greelands,Madeswara Greenfields, Teepa Agro, Malaprabha, Netravati, Banganga Agrofarms, Koel Agrofarms, Saravati Greenlands, Ahar Greenlands, Balaghat Greenfields, Kolar Greenlands,Atryeee Agrofarms, Dhatu Agro farms, Hakra Agrofarms, and Bahudan are the benami companies run by his brother,sons and his other family members.
2. Rs 20 crore was being diverted every month in the name of employee salaries.Satyam Computers has only 40,000 employees and not 53,000. Ten thousand employees were non-existent and 3,000 belong to attrition category. 32000 salary accounts of Satyam are in ICICI Bank that handles more than 90 per cent of Satyam’s salary payments in India. HDFC has another 2000 salary accounts. Add to this, an estimated 15000 salary accounts overseas. How did these banks opened accounts is a big question?
Satyam showed over 5200 crore rupees as its salary bill in 2007-2008.
How much of that went into Raju’s own pocket ??
That is one in four employees salary was probably being diverted elsewhere.
The company didnt pay the medical insurance premium for the employees so they wont get treatment facilities.
4. Ramalinga Raju had used the name of 400 fictitious companies to buy benami lands in the city outskirts. 3,400 acres of land were purchased.These lands had been bought up in the names of Mr Ramalinga Raju’s family members, companies and other benami identities. There were 478 acres in name of Mr Akula Rajaiah and 312 acres in names of Mr Suryanarayana Raju and Mrs Narasamma (Raju’s mom)
All these came out only when he was interrogated for one hour per day, had he been interrogated for more hrs then????
We will be hearing more in the coming days.The investigating authority has just possibly opened a can of worms, the worst is yet to come.
Info courtesy: Deccan chronicle and ndtv
UAE government has made it mandatory for all residence visa holders to get a national identity card irrespective of their nationality.I got this mail from a friend of mine and i thought of sharing with you all
An Expat calling Pizza Hut in Dubai
‘Operator: Thank you for calling Pizza Hut . May I have your…
‘Customer: ‘Salam Ale koum, can I order..
‘Operator: ‘Can I have your UAE identity card number please, Sir?’
‘Customer: ‘ It’s eh…, hold……….on……889861356102049998-45-54610’
‘Operator: ‘OK… you’re… Mr Waleed from Syria and you’re calling from Flat #402, Al Maskaan Building, Bur Dubai. Your home number is 04-3661231, your office number is04- 8852302 your mobile number is 050-2665667. Where has the delivery to take place Sir?
‘Customer: Home! How did you get all my phone numbers?
‘Operator: We are connected to the system Sir’
‘Customer: ‘May I order your Seafood Pizza…’
‘Operator : ‘That’s not a good idea Sir
‘Customer: ‘How come?
‘Operator :’According to our medical records – you went for your checkup last week to Welcare Hospital & you have high blood pressure and even higher cholesterol level
‘Customer:’What?… What do you recommend then?
‘Operator :’Try our Low Fat Hokkien Mee Pizza. You’ll like it
‘Customer:’How do you know for sure?
‘Operator :’You borrowed a book entitled ‘Popular Hokkien Dishes’ from the National Library in Deira, last week Sir
‘Customer:’OK I give up… Give me three family size ones then, how much will that cost?’
‘Operator :’That should be enough for your family of 10, Sir. The total is Dirham 112.00
‘Customer: ‘Can I pay by credit card?
‘Operator :’I’m afraid you have to pay us cash, Sir. Your First Gulf credit card is over the limit and you owe Citibank Credit card another Dirham 3,720.55 since October. That’s not including the late payment charges on your housing loan to NBD, Sir,
‘Customer: ‘I guess I have to run to the neighborhood ATM and withdraw some cash before
your guy arrives
‘Operator :’You can’t Sir. Based on the records, you’ve reached your daily limit on HSBC ATM withdrawal for today
‘Customer: ‘Never mind just send the pizzas, I’ll have the cash ready.How long is it gonna take anyway?
‘Operator : ‘About 45 minutes Sir, but if you can’t wait you can always come and collect it on
your Honda Civic…
‘Operator :’According to the details in system ,your Honda Civic’s Registration ie Malkia is expiring in 23 days & your Gargash Insurance has already got expired last week….
‘ Operator :’Is there anything else Sir?
‘Customer: ‘Nothing… by the way… aren’t you giving me those 3 free bottles of cola as advertised?
‘Operator : ‘We normally would Sir, but based on your records you’re also diabetic…….
‘Customer:#$$^%&$@$% ^ tm kiere…..abe yega…neye!!!!!!!………….
‘Operator :’Better watch your language Sir. Remember on 15th July 2008 on Dubai Hatta Road, when you wrongly overtook the BMW & you were convicted of using abusive language also on the policeman…?
‘ Customer (fainted)
‘Operator : hello hello, are you still there ….
I really miss my childhood and wish I go back to my childhood days do all those things which i miss now, including flying a kite
Yesterday my little one spoke “A LA LOO” any guesses it is I LOVE U.She speaks only two letter from a word.
Milk — MA
Toilet — TA
Akka — AA
Dosa — DO
Bread — BA
A/C — AS
Rice — RA
Chutney — CHA
Car — CAAA if she sees one car she says caaa and she sees many cars she says ca ca ca ca….
She likes sharuk and sings HO HO HO (haule haule)