The Enforcement Directorate in October last year had file the complaint against Raju and 212 others, including 166 companies, before the XXI Additional Chief Metropolitan Magistrate Court cum Special Sessions Judge here for allegedly laundering funds under a ‘corporate veil’ to perpetrate the accounting scam that rocked the business world in 2009.

Enforcement Directorate in its prosecution investigation report sought to ‘prosecute the accused for offence of money laundering’ under PMLA.

The court subsequently took cognizance of the complaint and had issued summons against the accused seeking their appearance.
According to the ED report Ramalinga Raju and the other accused, who have also been probed by CBI, ‘derived proceeds of crime from the sale and pledge of inflated shares of M/s Satyam Computers and Services Ltd (SCSL)".

The prosecution complaint (charge sheet), names 213 accused 47 individuals (among them Ramalinga Raju and nine other accused already named in the CBI charge sheet in the multi crore Satyam accounting fraud case) and 166 firms including SCSL.

Besides, Raju, the former chairman of Satyam Computers, his brother B Suryanarayana Raju, Satyam's former MD B Rama Raju, ex-CFO Vadlamani Srinivas, former PwC auditors Subramani Gopalakrishnan, T Srinivas and Satyam's former internal chief auditor V S Prabhakar Gupta were among others who appeared in the court and executed personal bonds of Rs 10,000 each.

The court then posted the matter to May 5 and directed to serve copies of the prosecution complaint and other related documents to the accused.

ED which had earlier interrogated prime accused Ramalinga Raju, Rama Raju, and the others had registered a case against the Satyam founder and his family under PMLA, which defines money laundering offences as those involving money derived from any activity connected with the proceeds of crime.


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