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CBI: Raju's family made Rs 715 crore!

April 16, 2009

Of the Rs 715 crore (Rs 7.15 billion) made, Ramalinga Raju got Rs 27.91 crore (Rs 279.1 million) and his brother and Satyam's former managing director, B Rama Raju, got Rs 26.68 crore (Rs 266.8 million), in the form of gifts from family, said the CBI.

Besides, the Satyam founder 'himself offloaded the shares and received Rs 26,67,97,198,' says the chargesheet.

In 1999, according to the CBI, B Suryanarayana Raju, another brother, his wife Jhansi Rani and his mother Appalanarasamma offloaded their shares indirectly through the accounts of 17 individuals 'who are trusted employees and their family members.'

Image: Well-wishers of Ramalinga Raju perform yagnam (a special prayer) for the well-being of Raju inside a temple in Hyderabad. | Photograph: Krishnendu Halder/Reuters

Also read: Businessmen in Parliament

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