Gourmet

Ramalinga Raju: From cooking books to cooking food

January 22, 2015 02:02 PM

It has been almost six years since B Ramalinga Raju, in his letter to the Securities and Exchange Board of India on January 7, 2009, admitted to cooking Satyam Computer Services' books for years.

His list of crimes include:

* Inflation of cash and bank balance of Rs 5,040 crore

* Accrued interest of Rs 376 crore that did not exist

* Understatement of liabilities of Rs 1,230 crore 

* Overstatement of debtors' position of Rs 490 crore

* The company's Q2 2008-09 revenues was stated as Rs 2,700 crore as against Rs 2,100 crore 

* Operating profit margin was stated as 24 per cent as against actual 3 per cent

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