This Article is From Apr 09, 2009

Charges against Satyam's former CEO

New Delhi: Satyam's former CEO Ramalinga Raju owned up to the Rs 7,000 crore fraud on Wednesday.

He was arrested on Thursday night. His brother Rama Raju was also arrested. The Andhra CID officials grilled him all night, especially about other executives who may be involved.

Here is a look at the charges against Ramalinga Raju and his brother Rama Raju.

One charge that Raju has been with is criminal conspiracy for keeping the company in the dark after perpetrating a Rs 7,000-crore financial fraud.

He also faces charges of cheating for presenting a false picture and 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, as several financial documents and bank statements are missing.

All charges are non-bailable.
.