Satyam loans against receivables under scanner
Satyam Computer Services has been taking loans against receivables and physical assets for over 10 years from banks such as ICICI, IDBI, EXIM and so on. Questions have been raised over the Rs 1700 crore receivables that Satyam is counting on to help tide over payment of wages and other expenditure over the next three months. Investigators have reason to believe that loan may have been drawn even against that amount.
