Satyam Raju found guilty of Money Laundering
The Enforcement Directorate (ED) has registered a case against the multi-crore-rupee-scam-tainted founder-chairman B Ramalinga Raju of Satyam Computer Services for alleged money laundering after the ED found prima facie evidence against Raju and others of violating the Prevention of Money Laundering Act.
The ED sources alleged that Raju had diverted funds of Satyam to purchase around 50 plots in Medchal and Qutbullahpur near Hyderabad.
The ED alleged that several hundred crore rupees had been diverted from the Satyam Computer accounts and had been invested in purchasing land and other infrastructure for Maytas group of companies.
Meanwhile, the CBI will file chargesheet in the courts on April 9 against B Ramalinga Raju and others accused in the Satyam scam.