HYDERABAD: On paper Satyam Computer Services has 690 customers of which 185 are Fortune 500 companies. While there can be no doubt about the
number of the Fortune 500 companies who are customers, investigators are still not sure whether all the other customers actually exist.
This in view of the discovery that the customer list of Satyam during Raju times was a top secret that even senior company executives had no access to. Investigators aver that many of the clients could be dummy companies that could have been used for hawala transactions to channelise money back into India.
Export income
being tax free, such channelising could have made economic sense, the investigators think. The apprehension of investigators has been raised by their near certain belief that money has illegally been transferred into India by the Rajus.
"The same gang of Srinivas Vadlamani and his vice president of accounts Ramakrishna G had access to the onsolidated list of clients and the revnues generated from each of them. Nobody else knew nothing much," a senior manager of Satyam told TOI. "
A highly level of secrecy was maintained and we felt that this was too much. But then we thought probably the company does not want to lose clients to competitors," the senior manager added.
From time to time, independent checks about clients used to be done by the company. But this was limited to clients who were listed on various stock exchanges and whose balance sheets were available publicly.
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