Vadlamani Srinivas

Vadlamani Srinivas was the chief financial officer for Satyam Computer Services. On January 10, 2008, he was arrested on charges of fraud. He is the third person, and the third-highest ranking employee from Satyam, to be charged.

Satyam Computer Services began to be investigated in February of 2008 after it was reported that the company had been banned from doing business with the World Bank due to the lack of a paper trail in its accounting. As the investigation continued, Satyam CEO Ramalinga Raju confessed that he had inflated profits and minimized debts to create a $1 billion fictitious increase in the company's value.Satyam: Raju letter

• FOX News: Satyam Chief Financial Officer Arrested in Fraud Scandal (January 11, 2009)

• BBC NEWS: Indian IT scandal boss in custody (January 10, 2009)

• Boston Globe: 3rd Satyam officer charged with fraud (January 11, 2009)

• WSJ Video: India Names New Satyam Board Members (January 11, 2009)