Ramalinga Raju confesses another scam

Hyderabad - It has come to light that Ramalinga Raju not only wrote a letter to the board giving details of inflated cash balances but he sent another letter to his wife Nandini detailing serious irregularities at home. According to the letter, Raju confessed that he has been lying to his family members about things never happened. 

Amongst the list of misappropriations, Raju mentioned that he promised to drop a coin everyday in his elder son’s piggy bank, but all he contributed  were pieces of chocolate wrappers and sometimes lint from his pocket. Raju regretted the incident when he proudly told Nandini he donated Rs. 100 to CRY but in reality he shooed away neighbour’s kid who asked for it. In the long list of misdeeds also includes an instance when Raju after a trip to the market, told Nandini he bought a kilo of onions but in reality they were just 700 grams. Apparently it was not only Nandini on the receiving end. A lot of ‘gifts’ Raju bought from his foreign trips, like slippers from his mother-in-law, towels for sons and shampoos for his nieces were lifted from the hotel rooms.

Raju ended the letter resigning as the head of the household. He requested Nandini to merge their family with another family from the neighbourhood. He advised her that Merrill Lynch can be entrusted with the task of quickly exploring some merger opportunities.