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New Delhi: A CBI team has left for Mauritius and the United States to probe alleged diversion of funds by disgraced Satyam founder B Ramalinga Raju to these countries.
Funds were re-routed back to India via European countries as “investments” in nearly 300 alleged fictitious companies floated in the name of his relatives, official sources said.
The CBI team, which is probing the Rs 10,000-crore accounting fraud at Satyam Computer Services, has found during its investigations that Raju had diverted big amounts to Mauritius—a tax haven—from where the money was brought back to India via several European countries, sources said.
They said the money was routed back to India through some banks in the UK and the remittances to these banks were made from these tax havens. Raju is alleged to have transferred money in several salary accounts into fixed deposits in four banks and transferred them to banks in Mauritius. The money was ultimately routed through Lakeside Investments and Lakeview Investment companies to front companies, including Maytas Infra and Maytas Properties, they said.
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