Satyam case adjourned to Aug. 11

A metropolitan magistrate court here hearing the Satyam Computer Services Limited (SCSL) fraud case on Monday adjourned the trial proceedings to August 11 for giving the date of judgment.

The proceedings were adjourned as Special Judge of the XXI Additional Chief Metropolitan Magistrate Court B.V.L.N. Chakravarthi was on leave. Trial in the case is already over and the Judge stated that the court gave July 28 for pronouncement of the judgment in the multi-crore scam case during the previous proceedings on June 26.

All the 10 accused in the case including founder chairman of Satyam Computers B. Ramalinga Raju were present in the court on Monday. The special court examined 216 witnesses in all and marked 3,038 documents during the hearings as part of the trial in the case, which went on for over five years including the investigating period by the Central Bureau of Investigation (CBI). The trial in the case, which came to light in January 2009, was completed in June this year.

During the trial, the prosecution (CBI) charged the accused with causing a loss of Rs. 14,000 crore to the shareholders of SCSL by manipulating company's account books and inflating profits for several years. But, the counsel for the accused argued that they were not responsible for the fraud and all the documents relating to the SCSL submitted to the court by the investigating agency were fabricated.

Besides Mr. Ramalinga Raju, his brother and former SCSL MD B. Rama Raju, former CFO Vadlamani Srinivas, former PwC auditors Subramani Gopalakrishnan and T. Srinivas, Mr. Ramalinga Raju's another sibling B. Suryanarayana Raju, former SCSL employees G. Ramakrishna, D. Venkatpathi Raju and Ch. Srisailam and former internal chief auditor of SCSL V.S. Prabhakar Gupta are the other accused in the case.

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Printable version | Sep 17, 2021 5:15:54 PM |

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