Close on the heels of CEO and founder of Satyam Computer Services, Ramalinga Raju in regards with the Satyam scam came out followed by his arrest yesterday. News has come out that the Satyam CFO, Vadlamani too has been arrested.

The CFO of the tainted company Satyam Computers was facing severe criticism for him being caught unawares regarding the accounting fraud in Satyam. How could a CFO of a company be unaware of a fraud of such magnitude was the pertinent question.

The Chief Financial Officer of India’s Satyam Computer Services was arrested, Hyderabad police said on Saturday, as authorities seek to unravel India’s biggest corporate scandal.

“We have arrested the CFO and we are questioning him now,” said V.S.K. Kaumudi, Inspector General of Police in Hyderabad, southern India. According to sources several other senior members of the Board would be questioned including the independent directors with regards to the Satyam scam.

Related News on Satyam Scam:

1. Ramalinga Raju To Be Produced In Court Today - B Ramalinga Raju, the founder-chairman of Satyam Computer, and his...
2. Satyam Ex-CFO Vadlamani Srinivas Sent To Judicial Custody Till Jan 23 - Satyam’s Ex-CFO Vadlamani Srinivas is under the spotlight now, and...
3. Sympathy For Raju Despite The Satyam Scam - Despite cheaating all the staakeholders in Satyam to the tune...
4. Raju Avoding SEBI Probe Over Satyam Scam - Ramalinga Raju the main accused over the multi crore Satyam...
5. Satyam Board To Appoint New Accounting Firm - With the accounts of Satyam having gone to the dogs,...