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This is an archive article published on September 13, 2009

Satyam fraud: CBI to file 2nd chargesheet

The CBI will soon file a second chargesheet against former Chairman of Satyam Raju.

The CBI will soon file a second chargesheet against former disgraced Chairman of Satyam Computer B Ramalinga Raju as it claimed to have unearthed more financial frauds like siphoning off money from the company,which may have caused loss to the shareholders.

Sources in the CBI said that Raju’s confessional statement after the scam came to light earlier this year was an attempt by him to divulge only what he wanted to,while keeping other alleged financial frauds under wraps.

The sources said the investigators had found some more clues of alleged financial frauds of siphoning off

money from Satyam and re-routing it to other front companies floated by the accused.

The agency,on April 7,had filed a chargesheet against Raju and eight others under various sections of the Indian Penal Code for cheating and forgery.

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