At last the Enforcement Directorate has filed charge sheet in the infamous Satyam B. Ramalinga Raju case.The IT don of Hyderabad is found guilty of causing a huge loss of Rs.14,000 crore to investors through his forged accounting and a personal benefit of Rs.2700 crore.
In the money laundering case against the father of Software promotion in country ED said Ramalinga Raju had floated 327 fake companies to divert funds earned overseas and domestically from Satyam. ED has already seized 350 permanent assets and 5 mobile assets of Rajus worth Rs.1075 crore used to hide the illegal assets.
Satyam Ramalinga Raju now out on bail is still sick and never recovered from the mental shock after he personally surrendered to DGP with a confessional note of his sins in 2007 and jailed in Chanchalaguda jail
