Finally CBI to file Satyam charge sheet on April 9

CBI (Central Bureau of Investigation) will file April 9 its first charge sheet in the Rs.78 billion Satyam fraud, which surfaced in January shocking India Inc.

'We are going to file the first charge sheet April 9,' CBI director Ashwini Kumar told reporters here. Last month, the CBI accused Satyam founder B. Ramalinga Raju, his brother and another arrested official of 'not sharing everything' in connection with the multi-billion dollar fraud in the IT major. The probe agency wanted them to go through a lie-detector test.

The probe agency said if they were disappointed with the answers then they would make the Raju brothers undergo a Norco analysis. Ramalinga Raju had Jan 7 confessed to having cooked the company's account books and inflated profits over the past several years.

The company founder and his brother Rama Raju were arrested Jan 9. Former chief financial officer Vadlamani Srinivas was picked up the next day. Two former auditors from Price Waterhouse were detained later. And today corporate world giants like IBM, Wipro, Larsen & Tubro, Spice group are running for take over Satyam.