New Delhi, Thursday 8 January 2009: Even as a Securities and Exchange Board of India (SEBI) team reaches Hyderabad to investigate Satyam Computers’ Rs 7000 crore fraud, its disgraced chief, B Ramalinga Raju remains untraceable.

After admitting to committing a Rs 7,000 crore fraud on Wednesday, Raju faces arrest and could serve as many as 7-10 years in jail.

Amid mounting speculation over his whereabouts, Satyam management has said that it has no idea where Raju is.

Sources in the Hyderabad police have said that Raju had left for Texas on Wednesday morning from Hyderabad airport. Raju has not been seen in public ever since his confession, but agencies reports suggest that he could have left for Texas.

There is a petition pending over his Maytas deal for which British Telecom’s Solutions firm - U-paid had demanded presence of Raju and senior directors of Satyam for questioning by its lawyers.

According to another news report, Raju could also have left for Dubai, however, there is no confirmation.

Satyam’s former chairman is not reachable on his mobile phone.
(Agency)