Nailed and jailed for 'yes boss'

TNN / Apr 23, 2009, 03:14 IST

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It is good to be in the good books of your bosses, but it isn’t a good idea to indulge in illegalities - even those merely on paper - to please them.

HYDERABAD: It is good to be in the good books of your bosses, but it isn��t a good idea to indulge in illegalities �� even those merely on paper �� to please them. Ask Srisailam Chetkuru or Venkatapathi Raju, assistant manager and senior manager respectively in Satyam Computers.
The two are cooling theirheels in Chanchaluguda jail after the CBI picked them up a day before filing the charge sheet in the Satyam case on April 9.They are now charged with entering into a conspiracy, cheating and forgery and if their offences are proven they are liable to be jailed for seven years.
��They are regular guys. The kind who worked hard to please their bosses. See where they have landed. It is not that they murdered anyone on the orders of the bosses. They only manipulated records. This is a lesson for employees on what to do and refuse to do what,�� a Satyam manager told TOI.
As per the CBI charge sheet, 33-year-old assistant manager (finance) Srisailam ��got created 7,561 falsified sales invoices..(and) hiding them from business divisions.. got the data fed into the systems.�� These invoices were ��exported to Oracle Financials from where annual financial statements were generated.�� The charge sheet stresses that Srisailam got these false invoices generated without actually receiving billing advice from incharges of business circles (divisions).

Further Srisailam �� in the wake of the aborted Satyam-Maytas deal �� also got electronic records deleted and reversed certain entries in the Oracle Financials.
The assistant manager did all this on the instructions of his superior who was a vice president-level executive.
Venkatapathi Raju, senior manager (finance) of Satyam, among other things has been charged with ��handing over forged monthly statement of banks (that he received from his bosses) to Srisailam for making reconciliation and entries into Oracle Financials. Raju as per the charge sheet was responsible for handling the cheques of Satyam Computers. ��He received cheques totalling Rs 1,425 crores during 2006-08 from 37 companies and deposited them in Satyam accounts but failed to reflect the same in the account books of the company. Instead, he got them reflected wrongly as if these monies were received through sales proceeds from Bank of Baroda, New York branch..,�� the charge sheet says.

Both Venkatapathi Raju and Srisailam were rewarded for their work in the company by allotment of employee stock options of Satyam. The former also facilitated the sale of Satyam shares held by the promoters (the Raju family) because his wife was one of the persons through whom this equity was sold. Interestingly, among other evidence CBI charged the duo after receiving statements from their juniors who graphically described their role in passing on false statements, making false invoices and storing them.
Vice-president of the finance department of Satyam G Ramakrishna and the boss of both Venkatapathi and Srisailam, also finds himself in judicial custody after being nailed by other juniors. They told CBI that Ramakrishna oversaw the whole process of perpetration of fraud and was also the custodian of forged fixed deposit receipts.
Also he got his laptop reformated one day before the confession by Ramalinga Raju and instructed juniors to delete records from the computers. He also got the forged fixed deposit receipts (FDRs) destroyed. Ramakrishna acted as the go between the persons who planned the fraud (the Raju brothers and Srinivasa Vadlamani) and the junior managers who were the persons who did the actual paper work. Thus the CBI charges him for ��implementation of nefarious ideas.. into action... in furtherance of the criminal conspiracy..��

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