This Article is From Apr 09, 2009

Charges against Raju

Hyderabad: So what are the charges against Satyam's Ramalinga Raju and his brother?

Satyam founder has been booked for:

  • Criminal conspiracy, after he confessed to perpetrating a 7,000-crore financial fraud
  • He also faces charges of cheating for presenting a false picture
  • Forgery for doctoring accounts and showing inflated revenues
  • Raju and his brother have been booked for criminal breach of trust, now that the future of nearly half-a-lakh employees are at stake
  • He's also been booked for misappropriation of funds - several financial documents and bank statements are missing
  • All charges are non-bailable

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