Satyam Founder Raju Charged With Fraud Amid Sale
April 8 (Bloomberg) — India’s Central Bureau of Investigation filed charges against Satyam Computer Services Ltd.’s disgraced founder Ramalinga Raju for his role in the country’s biggest corporate accounting fraud case.
The charges include criminal conspiracy and falsification of accounts, and carry a maximum penalty of life in prison, CBI Deputy Inspector General V.V. Lakshmi Narayana said by phone yesterday. Raju’s brother and former managing director, Rama Raju, and two partners at PricewaterhouseCoopers LLP’s Indian affiliate were among nine people charged in the case, he said.
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