Rediff On The Net, Infotech: Hackers crack open CRB scam computers


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July 15, 1997

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Hackers crack open CRB scam computers

The two agents and the Central Bureau of Investigation representative, appointed by the Delhi High Court last month to decode the computerised records of CRB Capital Markets Limited and its 39 associate companies, have already decoded relevant records of six group companies and are working on the other companies.

This was stated in the preliminary report of the two agents Bombay-based Deputy General Managers of the Reserve Bank of India B S Ravi Shanker and K N Mathur of the Bank of Baroda and CBI representative Joseph Ponnoly, officer on special duty (computers). The report was filed before the high court on July 5.

The six companies, records of which have been decoded so far, are CRBCML, CRB Corporations Limited, CRB Share Custodian Services Limited, Rani Tej Exports Limited, Shree Bhiksha Foundation Limited and Bill Finance Companies Limited.

The high court had, on June 20, appointed the two agents to decode the computerised record books of the CRBCML and its 40 associate companies, which have been accused of cheating the investors to the tune of Rs 12 billion.

The court had later directed the CBI director to nominate one of his representative to join the two agents in decoding the records and accounts. The CBI nominated Ponnoly for the job and he joined the team on July 4 in Bombay.

The records decoded till now were stored in the computers installed in a CRB group owned building in Bombay, which is at present under the possession of official liquidator Shri Ram.

UNI

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