Satyam scam accused B. Rama Raju, Vadlamani Srinivas and three former directors of erstwhile Satyam Computers Services Ltd appeared before a local court today relating to complaints filed by Serious Fraud Investigation Office (SFIO), the investigation arm of Union Corporate Affairs Ministry.
Among the 11 former directors, against whom the seven different complaints have been filed by SFIO for violations under different sections of the Companies Act of 1956, former cabinet secretary T. R. Prasad, ex-director of IIT V S Raju, former Dean. of the Indian School of Business (ISB) M. Rammohan Rao, and Satyam’s then company secretary G .Jayaraman, appeared before the Special Court for Economic Offences here.
Apart from naming them as accused, the SFIO which filed the complaint on December 2, also named Satyam founder Ramalinga Raju, its former managing director Rama Raju, ex-CFO Vadlamani Srinivas, Vinod K. Dham, Krishna G. Palepu, M. Srinivas, besides naming two top executives Ram Mynampati and G. Jayaraman in the multi-crore accounting scam in the IT firm, after which the court summoned all of them to appear in court.
The court ordered the six accused to execute personal bonds of Rs. 10,000 each. The judge T. Rajani posted the case pertaining to Ramalinga Raju, Rama Raju and Vadlamani Srinivas to December 17 for examination of them, while the remaining six cases were posted for December 30 for appearance of Ram Mynampati and other accused who did not turn up today.
