India’s Central Bureau of Investigation (CBI) said Tuesday it has filed charges of cheating and forgery against the former chairman of the Indian software exporter, Satyam Computer Services Ltd. (SAY), B. Ramalinga Raju, and eight others.
CBI said in a statement that in addition to Mr. Raju charges have been filed against his brother and former managing director B. Rama Raju; former Chief Financial Officer S. Vadlamani; auditors S. Gopalakrishnan and S. Talluri; B. Suryanarayana Raju; G. Ramakrishna; D. Venkatapati Raju; and Srisailam Chetkuru.
The CBI statement said the arrested individuals have been charged with a number of offenses, including criminal conspiracy, cheating, forgery, falsification of accounts and causing the disappearance of evidence.
Lakshmi Narayana, who is in charge of the CBI investigation, said the probe is still going on and if necessary further charges can be filed. [via WSJ]