Charges against Satyam former founder Ramalinga Raju

Satyam founder B Ramalinga Raju in the multi-crore accounting fraud case was found guilty and sentenced to seven years rigorous imprisonment along with a fined of Rs 5.5 crore on Thursday.

Charges on Satyam Ramalinga Raju-

• CHEATING -SEC 420 IPC
• CRIMINAL CONSPIRACY- SEC 120 B OF IPC,
• FORGERY -SEC 468 OF IPC
• BREACH OF TRUST- SEC 409

Prosecution's Charge on Satyam Raju

• 14,000 CR LOSS CAUSED BY RAJU TO SHARE HOLDERS
• RAJU MADE WINDFALL PROFITS OF 2,000 BY SCAM
• RAJU CONFESSED TO CRIME IN EMAIL TO BOARD OF DIRECTOR ON 7 JAN, 2009

Ramalingam Raju's Defence

• RAJU NOT RESPONSIBLE FOR THE FRAUD
• PERSONALLY CONFESSED IN A LETTER TOSEBI
• DOCUMENTS FILED BY PROSECUTION FABRICATED
• RAJU ACTED AS A WHISTLEBLOWER IN SATYAM SCAM
• RAJU'S 'CONFESSION' EMAIL TO BOARD OF DIRECTORS

Ramalingam Raju’s Confessions

• CONFESSION 1 -Rs. 5 040 CR CASH & BANK BALANCE NON-EXISTENT
• CONFESSION 2 -RS 376 CR OF ACCRUED INTEREST NO-EXISTENT
• CONFESSION 3 -RS 2,700 CR REVENUE IN SEPT, 2009 BOGUS
• CONFESSION 4- GAP IN BALANCE SHEETS DUE TO INFLATED PROFITS OVER SEVERAL YRS
• CONFESSION 5- NET AMOUNT OF RS. 1,230 CR ARRANGED BY ME TO KEEP OPERATIONS AFLOAT