Big fish charge-sheeted in Satyam fraud case
The former Cabinet Secretary T.R. Prasad, the former Director of IIT-Delhi, V.S. Raju, and the former Dean of the Indian School of Business (ISB) M. Rammohan Rao, have been named by the Serious Fraud Investigation Office (SFIO), an arm of the Union Ministry of Corporate Affairs, in the Rs. 11,000-crore fraud in Satyam Computers.
They are among 11 ex-directors and other top managers of the company against whom the SFIO has filed seven cases in the special court for economic offences in Hyderabad, under various provisions of the Companies Act, 1956. The court summoned all 11 persons accused in these cases to appear before it on December 11.
The other accused include former independent directors Vinod K. Dham, known as the father of Pentium; Krishna G. Palepu, a professor of the Harvard Business School and Mangalam Srinivasan, a U.S.-based academician. Ram Mynampati and G. Jayaraman were also named.
The former company chairman, B. Ramalinga Raju, B. Rama Raju and Srinivas Vadlamani, who are in jail facing police cases, were also shown as accused.