Satyam scam is of over $2.8 bn: CBI

The accounting scam at Satyam Computer Services is to the tune of Rs.14,000 crore (Rs 140 billion/$2.8 billion)) and not Rs 7,800 crore (Rs 78 billion) as the company's disgraced former chairman B Ramalinga Raju stated earlier this year, the Central Bureau of Investigation (CBI) has said. ( Watch )

The federal agency Tuesday filed a 200-page charge sheet in the special court for CBI cases here that had details of properties acquired by Raju and other accused and their financial transactions abroad through fictitious firms.

"The quantum of scam and the loss suffered by investors has been quantified. The loss suffered by investors works out to over Rs 14,000 crore," said CBI Deputy Inspector General Lakshminarayana.