HYDERABAD: Nearly four years after the Satyam scam broke out, the
Enforcement Directorate (ED) on Monday filed its chargesheet in the
trial court against 47 persons that included the company's disgraced
chairman Ramalinga Raju, his brother Rama Raju, other family members and
166 companies allegedly
floated by Raju and his men.
The ED's chargesheet urged the 21st additional chief metropolitan magistrate court, the designated court for trying both the CBI and ED cases in the matter, to try the accused under the provisions of the Prevention of Money Laundering Act (PMLA). While the CBI has filed three chargesheets in the case against 10 accused and the trial in the case is nearing completion, this is the first chargesheet to be filed by the ED and it included all the 10 accused in the CBI case as well as 37 other individuals, many of whom are relatives of Raju who acted as directors of the front companies floated by him.
floated by Raju and his men.
The ED's chargesheet urged the 21st additional chief metropolitan magistrate court, the designated court for trying both the CBI and ED cases in the matter, to try the accused under the provisions of the Prevention of Money Laundering Act (PMLA). While the CBI has filed three chargesheets in the case against 10 accused and the trial in the case is nearing completion, this is the first chargesheet to be filed by the ED and it included all the 10 accused in the CBI case as well as 37 other individuals, many of whom are relatives of Raju who acted as directors of the front companies floated by him.
Sources
said that with the latest amendment to the PMLA, there will not be any
clash between the cases by both the agencies and the court may conclude
its trial in the CBI case and can take up the ED case later.
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