Satyam Computer Services is carrying a liability of Rs 1,230 crore on account of loans taken from non-banking financial comapnies (NBFCs) that were partly repaid by pledging of shares by founder B Ramalinga Raju and his family, the CBI chargesheet in the case says.
“It is revealed that Rs 1,425 crore out of Rs 1,744 crore loan obtained from NBFCs was transferred to the bank accounts of Satyam by 37 companies as loan from November 17, 2006, to October 30, 2008, to meet the expenses of the company. Of this, Rs 194 crore was returned during October and November 2008 to 15 of the 37 companies. Thus, there is still an outstanding liability of Rs 1,230 crore. This aspect clearly reflected the financial condition of the SCSL,” the CBI said in its chargesheet.
