BVI companies allegedly involved in Indian scam

According to Indian press, the person accused of the so called Satyam scam, B. Ramalinga Raju, had moved Rs 26 crore to around six companies in the British Virgin Islands. The Central Bureau of Investigation (CBI) that has found this has sent a rogatory letter to the BVI, and is now waiting a reply. One of  CBI officials said that they are to find out why this money was sent to the offshore tax haven.

Upon getting a reply from the British Virgin Islands, CBI will decide on filing a chargesheet regarding fund diversion.

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