The enforcement directorate (ED) probing the Satyam scam has found that its ex-chairman Ramalinga Raju owns 30 houses and several palatial buildings in 62 countries.
He used to stay in these opulent houses when he visited these countries for business. Enforcement officials have now got clearance from the government to visit these countries to inspect these houses. “After identifying the houses, we will try to confiscate them,” said an official.
Raju reportedly has luxurious bungalows in the US, the UK, Canada, Malaysia, and the Mauritius. The ED is planning to confiscate all the properties owned by Ramalinga Raju and his family by invoking the Prevention of Money Laundering Act 2005. Apart from the former chairman, his brother Rama Raju and Satyam ex-CFO Vadlamani Srinivas have been named in the enforcement case information report, the equivalent of a police FIR.
The metropolitan session’s court has been informed about ECIR by ED’s special public prosecutor, Mr P. Prasad, and charges are being framed under Section 467 of IPC and Section 3 of PMLA. Once PMLA is invoked, all the Satyam property will come under the scrutiny of the ED.
Salary not as per revised payscale
The salaries received by Satyam employees on Saturday, are not according to the revised payscales, as per their appraisals in March-April.
Also, instead of the usual payslips, which the employees can access online two days before the salary is credited to their accounts, Satyam staff members received an SMS on Saturday, saying their salaries have been credited to their account.
Sources said Satyam has an “internal webpay,” an Internet tool through which employees can freely access their payslips. However, these payslips are not currently available. As a result, staffers do not know what sum they have actually got, and under what heads. Employees say, they may receive their payslips on Monday, which will show them the salary breakup.
Checking their salaries, several employees found that the salary that was credited to them, were not the revised salaries that they got in December. Some felt, perhaps the new board was not aware of the revised payscales.
Satyam’s HR head, Mr S.V. Krishnan, said: “Salaries have been credited, banks have confirmed it.” Another senior official said: “All that (salary) was paid in December, was paid in January as well.” When asked why the payslips were not available to the employees, he said: “They are available on the web.”
But the Saytam employees refute this saying, “No way.”
Last year, the employees had an appraisal in March-April, and while they expected to get their revised salaries in July-August, it was delayed and they got it in December with arrears from July onwards.
