Ramalinga Raju revealed that he and his brother Rama Raju, who was the managing director and chief executive officer of the company, used to take decisions and "instruct our chief financial officer to do as instructed".

"Since I have been instrumental in starting Satyam Computer Services, I wished it to be one of the leading companies and I could not bear the thought of it coming down and that is the reason I have invested money to save the situation," said Ramalinga Raju referring to the shares his family pledged.

"I raised an amount of Rs.1,230 crore (Rs.12.30 billion) by pledging the shares held by our family and inducted the amount into Satyam Computer Services Limited but it could not fill up the deficit.

I tried to take over Maytas Properties to cover up the deficit since the same has immovable properties. Some of the board directors did not agree to it and shareholders also expressed themselves against the said proposal."

"Because of the present global financial situation, the disparities shown in the balance sheet became difficult to cover up, and things have gone out of control. There, I have tendered my resignation on Jan 7, 2009."