Raju FDs in BNP Paribas fake
HYDERABAD: BNP Paribas bank on Tuesday certified that the so called fixed deposits worth more than hundred crore rupees that were shown by Raju and Co of Satyam Computers were indeed fake and that such a money was never deposited with them.
"The fixed deposit receipts and the amounts given in the documents pertaining to their bank, that were seized by the CID last year in the multi-crore Satyam Computers scandal, were all fake," A Sebastian, BNP Paribas bank's Hyderabad branch manager told the local court which is trying the Satyam case.
The sleuths seized confirmation letters from various banks, including ICICI, HSBC, BNP Paribas and City Bank on bank balances and fixed deposits of Satyam Computers that were allegedly used to inflate financiers.
Sebastian told the court that the CBI had approached the BNP Paribas bank to certify genuineness of the set of documents seized (on current account statements, FD receipts and letter heads) and after verification they found the documents were not issued by their bank.
The fixed deposit numbers and the amount given in the documents did not match with the bank records at Hyderabad, but they were shown as issued by the Mumbai branch of BNP Paribas. On verification it was found that the documents did not belong to either Hyderabad branch or to its Mumbai branch and even the balance amount in the accounts did not match either.
The documents including the letter heads contained the Mumbai bank address, and it also had the e-mail ID of former Chief Executive Officer of the bank who in fact had left the bank in 2002. The signatures also did not belong to any of the officials.
The trial court here examined the banker in connection with the alleged fake bank documents and fixed deposit receipts of Satyam Computers Services Limited (SCSL) which the CBI said were forged by Satyam accused.
Satyam firm maintained five current accounts and a fixed deposit at BNP Paribas Hyderabad branch only and they did not have any other account anywhere in India with BNP Paribas, the banker said.
Two of the current accounts were operated by the company in Indian Rupee while the remaining was operated in foreign currency of USD, Euro and Swiss Franks, the bank official said.
However, the defence counsel objected saying how could a Hyderabad branch manager be a witness to the verifications and certifications given by the bank's Mumbai officials and wanted the Mumbai bank official be made as witness. The Magistrate BVLN Chakravarti, asked the CBI to produce the BNP Paribas Mumbai official and posted the matter to November 22 for cross examination.
"The fixed deposit receipts and the amounts given in the documents pertaining to their bank, that were seized by the CID last year in the multi-crore Satyam Computers scandal, were all fake," A Sebastian, BNP Paribas bank's Hyderabad branch manager told the local court which is trying the Satyam case.
The sleuths seized confirmation letters from various banks, including ICICI, HSBC, BNP Paribas and City Bank on bank balances and fixed deposits of Satyam Computers that were allegedly used to inflate financiers.
Sebastian told the court that the CBI had approached the BNP Paribas bank to certify genuineness of the set of documents seized (on current account statements, FD receipts and letter heads) and after verification they found the documents were not issued by their bank.
The fixed deposit numbers and the amount given in the documents did not match with the bank records at Hyderabad, but they were shown as issued by the Mumbai branch of BNP Paribas. On verification it was found that the documents did not belong to either Hyderabad branch or to its Mumbai branch and even the balance amount in the accounts did not match either.
The documents including the letter heads contained the Mumbai bank address, and it also had the e-mail ID of former Chief Executive Officer of the bank who in fact had left the bank in 2002. The signatures also did not belong to any of the officials.
The trial court here examined the banker in connection with the alleged fake bank documents and fixed deposit receipts of Satyam Computers Services Limited (SCSL) which the CBI said were forged by Satyam accused.
Satyam firm maintained five current accounts and a fixed deposit at BNP Paribas Hyderabad branch only and they did not have any other account anywhere in India with BNP Paribas, the banker said.
Two of the current accounts were operated by the company in Indian Rupee while the remaining was operated in foreign currency of USD, Euro and Swiss Franks, the bank official said.
However, the defence counsel objected saying how could a Hyderabad branch manager be a witness to the verifications and certifications given by the bank's Mumbai officials and wanted the Mumbai bank official be made as witness. The Magistrate BVLN Chakravarti, asked the CBI to produce the BNP Paribas Mumbai official and posted the matter to November 22 for cross examination.
No comments:
Post a Comment