Former Satyam brass asked to furnish bank, asset details

The Company Law Board on Wednesday passed a restraint order against erstwhile tainted management of Satyam ordering them to provide
details of their bank accounts and movable and immovable properties both in India and abroad before it.

“Satyam's founder Ramalinga Raju, his brother B Rama Raju, former CFO Vadlamani Srinivas, executive Ram Mynampati, and company secretary G J Jayaraman have been asked to furnish details of assets including movable and immovable assets both in India and abroad," says P C Gupta, minister of company affairs.

"This was being done to ensure that the former officials do not profit or otherwise gain from any diversion of siphoning of fund from Satyam," Gupta said.

"The orders have been issued by the board and details have to be given in a sealed cover by Feb 20," Gupta said.