The special court examined about 216 witnesses and checked about 3,038 documents
Ramalinga Raju was arrested by the state CID. (Photo: DC/File)
Hyderabad: The court trying the multi-crore accounting fraud case involving Satyam Computer Services has ordered all the accused to appear before it on October 30. However, the court didn't give any date for pronouncing its verdict.
The judge, Mr B.V.L.N. Chakravarthi, gave the next date for the accused to appear in the case on Monday. The 10 accused in the case are former Satyam Computers Chairman B. Ramalinga Raju, his brother and Satyam’s former managing director B. Rama Raju, ex-CFO Vadlamani Srinivas, former PwC auditors Subramani Gopalakrishnan and T. Srinivas, Raju’s another brother B. Suryanarayana Raju, former employees G. Ramakrishna, D. Venkatpathi Raju and Srisailam, and Satyam’s former internal chief auditor V.S. Prabhakar Gupta.
The trial in the Satyam scam case concluded earlier this year. The special court examined about 216 witnesses and checked about 3,038 documents. Noted as the country’s biggest accounting fraud, the scam broke in January 2009, after Ramalinga Raju confessed to manipulating his company's accounts and inflating profits over many years by several crores.
Raju was arrested by the state CID and in the same year in February, the CBI took over the investigation and filed three charge sheets, two in 2009 and one in 2010, all of which were clubbed later.
The accused were charged with cheating, criminal conspiracy, forgery, breach of trust by way of inflating invoices and incomes, account falsification, faking fixed deposits, besides allegedly falsifying
returns through violation of I-T laws.
During the trial the CBI alleged that the scam caused a loss of Rs 14,000 crore to Satyam shareholders while the defense said the accused were not responsible for the fraud and all documents filed by the investigating agency regarding the case were fabricated.
( Source : dc correspondent )
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