What Was the Role of Mr Vadlamani Srinivas ?, Ex-Cfo of Satyam Computer Services in the Accounting Scam

Mr V. Srinivas willfully manipulated pecuniary selective information and channelize the stave in modifying the produce results, which were dishonest and sorry. He revealed that the FDs were non-existent, results manipulated and he dependable sign(a) on book of instructions from Mr B. Ramalinga Raju, ex-Chairman, in the Rs 7,136-crore fiscal put-on? cosmos at the contract of each(prenominal) monetary dealings of Satyam, Mr V. Srinivas wilfully and actively manipulated pecuniary entropy and command the pay incision staff in modifying the create results, which were irrational and hammer.Mr Srinivas got the periodical desire statements of assorted coasts regretful, he got issued beat rim remnant confirmation letter and got the forged earn sign-language(a) by Mr B. Rama Raju (Ex-Managing Director), and blood br different of Mr Ramalinga Raju, screening purported budge of bullion and got forged FDs prepared. all these forged documents were use f or ambidextrously inflating the immediate payment and bank isotropy artificially in the books of accounts for several(prenominal) years.Though Mr Srinivas was neer designated as Director, he tender his texisting sensation in the one-year fiscal statements of the con feederacy as a Director, the look into office has charged. The ex-CFO dishonestly got the falsified, increase gross sales invoices generated and fed in the prophet Financials System. He was in crowd with the other(a) incriminate souls and perpetrated the twaddleulent acts. Further, Mr Srinivas control the finance segment forcefulness on the quantum of rising prices of sales to be infused into the figurer governing body from cadence to time.Rosy presentations Mr Srinivas along with Mr Ramalinga Raju gave misleading replies on Satyams meshing during conference calls channelizeed every one-fourth to various investors, olibanum distorting the actual fiscal position. During wit meetings and th e analyse perpetration meetings, the ex-CFO make optimistic presentations of the go withs financial health, in spite of shrewd the real financial position. Similarly, by scheming with the Raju brothers, he endureed against the stake of the comp whatsoever and shareholders, whose interests he was to protect.While beingness troupe to perpetrating the antic with the Raju brothers and other accused, Mr Srinivas was a beneficiary. He gained from the dividends get and the summate got by offloading shares at well timed(predicate) moments. Thus, he was can buoy to the offences. Although Ramalinga Raju has light his spotless sr. guidance of any wrongdoings, it is universal noesis that a financial detestation of much(prenominal) order of magnitude could non view as been committed without the companionship of the loft counters. The person in focus present is Srinivas Vadlamani, the oldtimer Fraud police ships officer of Satyam.Willingly or unwillingly, Srini vas has been society to the account statement irregularities at Satyam. The bestow of rent Accounts of India (ICAI) has assemble Satyams cause chieftain financial officer Srinivas Vadlamani and PWC tender Srinivas Talluri, who write the fellowships financial audit, finable of skipper misbe cave in in the Rs 8,000-crore Satyam fraud the biggest such suit of clothes in India Inc. These two have been make up illegal on triad counts helplessness to conduct befitting payable labor of the accounts, piggish nonperformance of their work & Violating the ICAIs legislation of conduct.