Raju family may claim Rs 2,000 cr from Satyam

The potential acquirer of Satyam Computer Services may have a new problem to deal with as NDTV has learnt that the Raju family is preparing to make a claim from the new investor in Satyam.
Sources suggest that the Raju family may demand nearly Rs 2000 crore from Satyam. Ramalinga Raju had claimed in his letter on January 7 that the family had invested Rs 1230 crore in the company to support the inflated figures and pay for the salaries of Satyam employees.
Funds invested by the promoters in various group companies are also on the radar. In addition, some of the assets of the company are believed to have been transferred into private companies, which the family now wants back in its hands.
The uncertainty surrounding the claim from the Raju family has already got the potential investors worried. BK Modi, chairman, Spice Group, being one who opted out citing lack of transparency in the entire process. “There can be risks that are undisclosed, coming through the CBI inquiry, which is yet not known. That is something further to what is known. These risks naturally everyone will have to take into account,” said Modi. When NDTV contacted Raju's lawyer, Bharat Kumar and he said: "I don't know anything about this. I cannot comment on this."
The winner of the bid will be announced on Monday but given the risks that are involved and the twists and turns that the Satyam saga has seen, the last may not have been heard on this issue.

Sources: NDTV