Enforcement Directorate (ED) on Monday filed a charge sheet against Satyam Computers founder Ramalinga Raju and 212 others,including some firms,for allegedly laundering funds under a corporate veil to perpetrate the accounting scam that rocked the business world.
ED filed an investigation report before the XXI Additional Chief Metropolitan Magistrate cum Special Sessions Judge here seeking to prosecute the accused for the offence of money laundering under the Prevention of Money Laundering Act (PMLA).
The ED report said that Raju and the other accused,who have also been probed by CBI,derived proceeds of crime from the sale and pledge of inflated shares of M/s Satyam Computers and Services Ltd (SCSL).
The agency highlighted the modus operandi for receiving bonus shares,shares under employee stock option schemes and dividends…
ED has already attached properties worth Rs 1,075 crore in the case.