Zee Media Bureau
New Delhi: A special court on Tuesday said that it needs some more time to deliver judgement in the multi-crore accounting fraud in the erstwhile Satyam Computer Services Limited (SCSL), capping a nearly six-year trial. The court will announce judgement March 9 next year.
Satyam's former chairman Raju, along with his brother and Satyam's former MD B Rama Raju, its former chief financial officer Vadlamani Srinivas and former director Ram Mynampati were given six months' jail term and fines on December 8, by a Special Court for Economic Offences in connection with complaints filed by Serious Fraud Investigation Office (SFIO).
SFIO, the investigation arm of Union Corporate Affairs Ministry, had filed seven complaints against SCSL and its directors for violations of the Companies Act in the Special Court for Economic Offences here in December 2009.
On October 30, Special judge BVLN Chakravarthi, of the Special Court trying the case, (probed by the Central Bureau of Investigation) pertaining to the multi-crore rupee scam in SCSL, fixed December 23 for pronouncement of the much-awaited judgement.
CBI's special Public Prosecutor K Surender had then said, "The case is posted for judgement on December 23. In all probability, it (verdict) will be delivered on that date, failing which, because of the volume of the case, it might take a few days more if at all."
Apart from Raju, Rama Raju, the other accused in the case are Vadlamani Srinivas, former Pricewaterhouse Coopers auditors Subramani Gopalakrishnan and T Srinivas, Raju's another brother B Suryanarayana Raju, former employees G Ramakrishna, D Venkatpathi Raju and Ch Srisailam, and Satyam's former internal chief auditor V S Prabhakar Gupta.
With PTI Inputs
