Thursday, March 13, 2025

Court sets April 9 as final date for verdict in Satyam case

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Hyderabad: A special court here trying the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL) on Monday said it will pro-nounce its judgement in the CBI-probed case on April 9.
Citing voluminous docu-ments in the case, Special Judge BVLN Chakravarthi said, “On April nine, the judgement will be pronoun-ced. I am making it very clear.” “It is mandate of the Supreme Court that judge-ment has to be pronounced.
If any obstruction is caused it is contempt of (apex) court…it is your (accused) duty to bring your advocates. Court will go ahead with its proceedings,” he said. T
he judge’s observation came as defence counsels were not present in the court ostensibly because of the ongoing agitation of Telangana advocates, who have been boycotting courts demanding separate high court for the new state.
“April nine will be the final date for the verdict. No question of further adjourn-ments. Court will not wait,” the judge said.
During the last hearing on December 23, 2014, the court had said it would pronounce the verdict on Monday.
Raju was arrested by Andhra Pradesh Police’s Crime Investigation Depart-ment two days later, after he allegedly confessed to the fraud, along with his brother Rama Raju and others.
All the 10 accused in the case, who are out on bail, were present in the court on Monday. Around 3,000 documents were marked and 226 witnesses examined during the trial that began nearly six years back. Besides Ramalinga Raju, the other accused in the case are: his brother and Satyam’s former Managing Director B Rama Raju, former Chief Financial Officer Vadlamani Srinivas, former PwC auditors Subramani Gopala-krishnan 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.(PTI)

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