Satyam's Ram Mynampati in US, PwC raided

HYDERABAD: The police is seeking to question him, but Ram Mynampati has proved smarter: he has flown away. The official spokesperson of Satyam T Hari told TOI that Mynampati had left for the US on Sunday, January 11, to address the "concern" of clients. Hari was unable to say when the interim CEO appointed by Ramalinga Raju before he quit, would return. But analysts were askance. "How could somebody who was on the radar of the CID allowed to get away? Was the police looking the other way?" asked an analyst.

Mynampati, a whole time director of Satyam for the last two years, was the right hand man of Ramalinga Raju and controlled over 60% of Satyam's business." What was the need for him to push off before meeting the new board and handing over charge to them? Something is fishy," said a senior Satyam staffer. Additional director general of police (CID) A Sivanarayana, when asked, said that he was not aware about Mynampati's whereabouts. "In any case, he is not an accused. He will be questioned when he comes back," the cop said.

On Tuesday, a nine member team of CID officials swooped on the office of Price Water House Coopers in upmarket Jubilee Hill and questioned partners S Gopalakrishnan and Talluri Srinivas. The sleuths also searched all the three floors of the posh office. "It is a vast case with multiple dimensions. Right now the CID is focussing on Price Waterhouse Coopers," IG, CID, V S K Kaumudi told The Times of India on Tuesday. "Our officials have seized important documents and copied data pertaining to the Satyam accounts from the Price Waterhouse Coopers office," the cop added.



Based on Vadlamani Srinivas' statement, the CID also took vice-president accounts of Satyam, G Ramakrishna into custody and began questioning him. Meanwhile, the Registrar of Companies (RoC) Henry Richard who also conducted an enquiry on the Satyam episode submitted his report to the Ministry of Corporate affairs of the union government. The RoC was closetted with a team of the Serious Fraud Investigation Office on the Satyam case on Friday.

It is understood that the CID is in touch with former Satyam directors like former cabinet secretary T R Prasad and former ISB Dean Rammohan Rao and might quiz them.