CBI faces deadline in Satyam case

R. K. Mishra

R. K. Mishra  

N. Rahul

Charge sheet to be filed on April 9 in court

HYDERABAD: The Central Bureau of Investigation (CBI) which took over investigation of fraud in Satyam Computers from the Crime Investigation Department (CID) will have to race against time in going ahead with investigation of the case and meeting the deadline of April 9 to file charge sheet against the accused in the court.

Since the CBI was handed over the case at the half-way mark of the 90-day time limit for filing the charge sheet, the agency will have to work hard to utilise the remaining period to focus on the job if the accused are to be denied bail.

The six accused persons in the case so far, including former Satyam chairman B. Ramalinga Raju, have been booked, among others, under Section 409 (criminal breach of trust by public servant, or by banker, merchant or agent) of Indian Penal Code which allows the prosecution time up to 90 days for filing the charge sheet. Otherwise, they would be let off on bail.

A top police official said it would be the endeavour of any investigating agency to ensure that the accused did not get bail, particularly in a case of such huge magnitude. He felt the CBI need not file a full-fledged charge sheet at the first instance. It could submit a short document to meet the deadline and follow it up with additional charge sheets subsequently.

Meanwhile, the Sixth Additional Chief Metropolitan Magistrate D. Ramakrishna further extended up to March 7 the judicial custody of Ramalinga Raju, his brother Rama Raju and former Chief Financial Officer of the company Srinivas Vadlamani.

Long discussion

A large team of CBI officers led by Joint Director R.K. Mishra who arrived here from different parts of the country to investigate the case held a long discussion with their CID counterparts.

On court orders, officials of the Income-Tax department interrogated Ramalinga Raju in jail to elicit information about tax implications of the fraud.

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