In a startling revelation,a highly placed source in the CBI today confirmed the hawala trail of money from Satyam Computers traced by the agency. The accused persons in the multi-crore scam allegedly routed some Rs 12 crore every month through hawala channels outside India since 2002 till the scam was unearthed,said the source. The money was illegally sent out of the country every month leading to the loss of some Rs 1,008 crores since 2002 till 2008. CBI officials are already trying to identify the transactions and money routed by B Ramalinga Raju,Satyams founder chairman and main accused,in countries including the US,Mauritius and European nations. CBI sources alleged that Raju had fraudulently increased the number of employees (fictitious employees) in its offices in India and abroad to give a broader scope for the use of the hawala network. As we have come to know after preliminary investigations into hawala transactions,it has been learnt that Rs 12 crore every month was being sent abroad through hawala on the pretext of paying around 10,000 employees who never existed, said the source.
