Tuesday, April 7, 2009

CBI files charges in Satyam fraud case

According to Reuters India, the Central Bureau of Investigation has made charges against 9 people involved in the Satyam fraud case. In a Madoff-esque scheme brothers chairman Ramalinga Raju and Rama Raju, who served at the founder and managing director, respectively and the and ex-chief financial officer Vadlamani Srinivas were arrested in January after founder Raju resigned, saying profits had been overstated for years and assets falsified. What will be come of the brothers Raju and their accomplices? We'd like to hear your thoughts.

Share this article with your social network, just click below to share now!

No comments: