CBI files charge sheet against Ramalinga Raju with other five people

CBI has filed a charge sheet against the former head of the Satyam Computers, Mr. B. Ramalinga Raju and five others on Thursday. Ramalinga Raju was convicted for allegedly filing false income tax returns which caused a loss of Rs. 126.57 crore to the Satyam and its shareholders.

The five other person include, Ramalinga Raju's brother B. Rama Raju, the then CFO V. Srinivas, the then Finance Vice President, G. Ramakrishna of Satyam Computers and two auditors of PricewaterhouseCoopers, S. Gopalakrishnan and Talluri Srinivas.

The CBI filed charge sheet consisting 30 pages in a designated court under sections 120-B for criminal conspiracy, section- 409 for criminal breach of trust, section-420 for cheating, sections-467 and 468 for forgery for the purpose of cheating, section-471 for the use of forged documents as genuine and 477-A for the falsification of accounts of the Indian Penal Code.

Over all, the document comprises of 3,500 pages with 32 documents and 26 witnesses. Regarding the issue, the DIG of CBI, Mr. V. V. Laxminarayana said, "The accused have inflated the revenue of the company by infusing false and fictitious sale invoices and shown the amount received and deposited as fixed deposits in various scheduled banks."

Mr. Laxminarayana informed that as Ramalinga Raju represented inflated income and inflated revenue on the existent fixed deposit, it imposed an additional tax liability of Rs. 526.37 crore on Satyam.