Satyam fraud: Raju to undergo lie-detector test

MUMBAI, INDIA: A Hyderabad court has granted permission to the CBI, which is investigating the $1bn-plus Satyam fraud, to conduct lie-detector and brain-mapping tests on the fraud suspects.

Fourteenth Additional Chief Metropolitan Magistrate K Sudhakar, who is designated to try CBI cases, allowed the agency to go ahead with the tests on Satyam founder and former chairman Ramalinga Raju, his brother Rama Raju and Satyam's former CFO Vadlamani Srinivas anytime within the next eight weeks, a PTI report said today.

Requesting authority for these tests, CBI had earlier told the court that Satyam founder and ex-chairman Ramalinga Raju, his brother Rama Raju and former CFO Vadlamani Srinivas were not giving proper answers to crucial questions during the custodial interrogation and hence requested for the permission to conduct lie-detector test and brain mapping test.

Satyam to restate accounts

Meanwhile, Satyam Computer Services (now renamed Mahindra Satyam) said on Thursday that it was on track to restate accounts going back seven years, after its founder-chairman had admitted to a Satyam's rise, fall and resurrection

"We are likely to go back for at least 6-7 years. Work is in progress," a report quoted the company spokesman Sridhar Maturi as saying. Satyam, now controlled by Tech Mahindra, has appealed to the Company Law Board to be given until March 31 to complete the process.