Satyam scam: CBI set to frame charges

The CBI, probing the about Rs 14,000-crore accounting scam in IT firm Satyam Computers

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today completed its arguments on the charges to be framed against 10 accused in the case.

CBI's Special Public Prosecutor K Surendra who had last week began arguments before the XXI Additional Chief Metropolitan Magistrate (ACCM) BVLN Chakravarthi, sought to frame charges against each accused and presented before the court documents and evidence in support of the charges.

Opposing the discharge petitions of the prime accused and former Chairman of Satyam Computers (now called as Mahindra Satyam) B Ramalinga Raju, and nine other accused, the CBI counsel explained their role in committing the Satyam fraud.

Surendra argued that the 10 accused, who have been charged with criminal conspiracy, cheating, forgery and falsification of accounts in the agency's three chargesheets, fabricated records and documents in order to cheat the investors.

Magistrate BVLN Chakravarthi, after hearing the CBI's arguments, posted the matter to September 15 to enable the defence present its case prior to framing of charges.

Chakravarthi also asked the CBI counsel to provide a gist copy to the defence on CBI's allegations.

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