Satyam’s ex-CFO reveals Raju bros modus operandi
April 7th, 2009
In an exclusive interaction, ICAI President Uttam Agarwal told CNBC-TV18 that prior to the fallout of the Satyam scam, its ex-CFO Srinivas Vadlamani had twice offered his resignation but was coaxed to stay back by the Raju brothers. Vadlamani also shared the modus operandi of the Raju brothers during his questioning by the ICAI team at Hyderabad. Prakash revealed that Vadlamani in his statement to the ICAI said “I regret this Satyam fiasco and have maligned the accounting and auditing profession and reliability of the management. Had I been confessed five years, so many things that have happened would not have taken place.”