The CBI, investigating the Satyam financial fraud case, arrested three employees including a top executive of the IT firm on Sunday, said CBI DIG V V Lakshmi Narayana.
“We arrested three employees last night who designed the mechanism for the fraud and they were involved in preparing fake monthly bank statements and other documents,” the CBI DIG said on Monday.
During the questioning by a two-member high-powered team of the ICAI, Satyam’s former CFO Vadlamani Srinivas on Sunday mentioned the name of G Ramakrishna (Vice President, Finance).
The following Satyam employees were arrested: Vice-President (Finance) G Ramakrishna, and two others working in the finance department — D Venkatpati Raju and Srisailam.
Including these three, nine persons in all have been arrested in connection with the fraud case till date.
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