Within the deadline of 90-days from detaining the mastermind of Satyam Computer Services fraud scam, the Central Bureau of Investigation (CBI) on Tuesday filed a 65,000 pages chargesheet containing several charges over the nine accused, including disgraced chairman B. Ramalinga Raju, his brother and former managing director B. Rama Raju and Chief Financial Officer of Satyam Srinivas Vadlamani.
The CBI filed it under sections 120-B (criminal conspiracy), 420 (cheating), 419 (cheating by personation), 467 (forgery of valuable security), 468 (forgery for the purpose of cheating), 471 (using forged documents as genuine), 477-A (falsification of accounts) and 201 (causing disappearance of evidence) of the Indian Penal Code.
The main chargesheet runs into 2,315 pages attached with 1,532 documents and the statements of 433 witnesses making a voluminous 65,000 pages were filed before the Special CBI Court at Nampally, Hyderabad on Tuesday (April 07).
Among the nine accused, CBI also charged the sacked auditors of PricewaterHouse — S Gopalkrishnan and Talluri Srinivas; vice-president (finance) G Ramakrishna, senior manager (finance) D Venkatapathi Raju and assistant manager (finance) C Srisailam.
The later three were arrested on April 05 on the allegation of preparing fake invoices, bank confirmation letters and fixed deposit receipts.
Eight out of nine accused are in Chanchalguda jail under judicial custody while Suryanarayana Raju, Director, SRSR Advisory Services – who has also been chargesheeted on Tuesday – is on an anticipatory bail, said CBI.
The Andhra Pradesh Police arrested the erstwhile Chairman and founder of Satyam computers B Ramalinga Raju on January 10 after his acceptance of inflating profits and fudging the account books of the IT firm. But after mounting political pressure, the case was first referred to Criminal Investigation Department (Crime Branch) and later to CBI on February 18.
The CBI with the help of Institute of Chartered Accountants of India (ICAI) and the Institute of Cost and Works Accountants of India (ICWAI) formed a multi-disciplinary investigation team (MDIT) to probe India’s biggest corporate scam involving approximately Rs 7,800-crore.
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