India’s Central Bureau of Investigation charged nine people, including auditors from PricewaterhouseCoopers, with forgery and fraud today after concluding its investigation into Satyam Computer Services. The NY Times reports that after a 45-day investigation, the CBI stated that it was charging six employees from Satyam Computer Services, two auditors from PricewaterhouseCoopers and an outside adviser with “criminal conspiracy, cheating, cheating by personification, forgery of valuable security, forgery for the purpose of cheating, using a forged document as genuine, falsification of accounts and for causing disappearance of evidence.”
The CBI charged Satyam founders and brothers B. Rama Raju and B. Ramalinga Raju, the company’s CFO Srinivas Vadlamani, and three other Satyam employees from the finance division. CBI also charged Satyam’s two auditors from PwC (S. Gopalakrishnan and Talluri Srinivas), as well as B. Suryanarayana Raju, the director of SRSR Advisory Services, who is the brother of the co-founders.
The CBI filed a 300-page charge sheet citing 433 witnesses in support of its charges, the NY Times reports.