Khurshid says, SFIO has filed case against Raju and others

NEW DELHI: Wrapping up investigations in the multi-crore rupees Satyam scam, Serious Fraud Investigation Office (SFIO) today filed charge-sheet in Hyderabad for prosecution of tainted Chairman B Ramalinga Raju for alleged violations of Companies Act.

"SFIO today filed complaint petition (charge-sheet) before a special magistrate judge for economic offenses in Hyderabad," Khurshid told reporters on the sidelines of a CII event here.

The government had asked the investigating agency SFIO to initiate prosecution proceedings against those involved in Satyam accounting fraud and partners of Price Waterhouse, the auditors of the IT company.

SFIO, an arm of the Corporate Affairs Ministry, had investigated the Satyam accounting fraud and submitted its reports to the government detailing violations of company law by founder chairman B Ramalinga Raju and others.

Khurshid also added, "We have done our job now it's the enforcement directorate and the IRS who are left to file their procesutions."

SFIO, sources said, would initiate proceedings on about 30 charges mostly under the Companies Act 1956.