Hyderabad: The Central Bureau of Investigation, or CBI, on Tuesday filed a 300-page chargesheet against B. Ramalinga Raju, founder of Satyam Computer Services Ltd, and eight others for their alleged roles in India’s largest corporate fraud.
Facing the music: Satyam founder B. Ramalinga Raju (right). Noah Seelam / AFP
The agency has also submitted 1,532 documents to the designated court in the city containing 65,000 pages that included statements of 433 witnesses.
A chargesheet is a document listing the crimes of the accused under various sections of Indian law.
CBI’s chargesheet has been filed under Sections 120-B, 420, 419, 467, 471, 477-A and 201 of Indian Penal Code that refer to offences of criminal conspiracy, cheating, cheating by (im)personation, forgery of valuable security, forgery for the purpose of cheating, using a forged document as genuine, falsification of accounts and for causing disappearance of evidence.
Also See The Accused (Graphic)
The accused include Raju’s elder brother and Satyam’s former managing director B. Rama Raju, former chief financial officer Srinivas Vadlamani and the two Price Waterhouse auditors S. Gopalakrishnan and Srinivas Talluri who signed off accounts of Satyam for the past eight years. Raju and these four were arrested within a week of his confessional letter of 7 January where he admitted to fudging the company’s books to the tune of at least Rs7,136 crore.
The government has since dissolved the company’s board, and replaced it. The new board is in the process of selling a majority stake in Satyam.
The chargesheet was also filed against three senior finance executives of Satyam: G. Ramakrishna, vice-president, D. Venkatapathi Raju, senior manager, and C. Srisailam, assistant manager. The three were arrested on Sunday evening and sent to judicial custody till 15 April on Monday.
CBI has also filed a chargesheet against Raju’s younger brother B. Suryanarayana Raju, who is a director of SRSR Advisory Services Pvt. Ltd, a financial services advisory to the family’s firms. Suryanarayana Raju had obtained bail from a local court on 5 March.
The designated court has allowed CBI to obtain signature and handwriting samples of Ramalinga Raju, Rama Raju, Vadlamani Gopalakrishnan and Talluri.
The court will hear arguments on CBI’s plea to conduct lie detector tests on the accused on 9 April and the bail petitions of the Price Waterhouse executives on Wednesday.
Graphics by Sandeep Bhatnagar / Mint