MUMBAI, India - Indian investigators have said the fraud at Satyam Computer Services, once India's fourth-largest software services firm, was at least $1 billion more than initially thought.
Satyam founder R. Ramalinga Raju confessed in January to inflating company assets by 71.36 billion rupees ($1.54 billion), by exaggerating cash balances, booking fake interest, overstating debt and understating liabilities.
In a 200-page court brief filed Tuesday, India's Central Bureau of Investigation said Raju had understated the fraud by at least $1 billion.
