The Central Bureau of Investigation (CBI) has charged Satyam Computer Services’ founder B Ramalinga Raju and his five jailed associates with squandering about Rs 126.57 crore of “investor money” by paying income tax on non-existent revenues, due to their inflating of revenue figures.
The CBI, which is investigating the Satyam accounting fraud case, filed its third chargesheet on Thursday before the additional chief metropolitan magistrate’s court here.
It charged Raju and the others, including former managing director B Rama Raju, former chief financial officer Srinivas Vadlamani and two Price Waterhouse auditors, Srinivas Talluri and S Gopalakrishnan, with criminal conspiracy (Section 120-B), criminal breach of trust (Section 409), cheating (Section 409), forgery for the purpose of cheating (467 and 468), use of forged documents (471) and falsification of accounts (477-A ) under the Indian Penal Code. The 30-page chargesheet cited 32 documents and 26 witnesses.
