Satyam saga gets murkier

HYDERABAD: The Satyam scam is getting murkier as it is leading to a trail of huge land deals. The CID raided the office of the SRSR Advisory Services Private Limited of the Raju family on Tuesday and seized as many as 400 documents pertaining to land deals. Even as it is looking to question B Suryanarayana Raju, brother of Satyam's ex-chairman B Ramalinga Raju and a shareholder of SRSR, he has gone 'missing'.
"Before we take further action, we want to first question him but he has not been accessible," CID IG V S K Kaumudi told TOI on Wednesday.
SRSR Advisory's shareholders include B Suryanarayana Raju, B Ramalinga Raju, B Rama Raju, B Nandini Raju, B Raja Raju (Jr), B Jhansi Rani, B Radha and B Teja Raju. The board of directors include B Suryanarayana Raju, B Nandini Raju, B Radha and B Teja Raju.
"The documents seized indicate that several thousands of acres were purchased in different locations in the country and they were registered in the names of several family members of Ramalinga Raju," a CID official said.
Kaumudi said that the investigation would look at the source of funds for buying the land.