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Verdict in Satyam case by August

Posted by on June 9, 2011 0 Comment

The special court set up for the trial of Satyam Computers scandal has completed examining all the prosecution witnesses. Only the examination by investigation officers is pending and that is expected to be completed by the end of this month. The trial will be completed by the end of this month. This is one month ahead of the July 31 deadline set for the trial court by the Supreme Court and the judgement is likely to be delivered in August this year.

“At this stage, given the speed with which the case is progressing, I can say the judgement in the case is likely in August,” said K. Surendra, special public prosecutor for CBI. The special court so far examined over 222 witnesses in connection with the about Rs 14,000 crore scam. Once the trial is over by the end of June, the defence may summon witnesses if any and cross-examine them during the defence evidence examination stage.

“Strictly speaking, it is a record that the trial finishing is so fast. I think no other trial of this magnitude has ever come to a close at such a fast pace,” he remarked. After being rapped by the Supreme Court for the long list of witnesses and in a bid to expedite the case, the CBI pruned the list of witnesses to about 300. It may be noted that the CBI filed the chargesheet against Mr B. Ramalinga Raju, the founder chairman of Satyam Computers Services Limited and eight others on April 7, 2009 and a supplementary chargesheet on November 24, 2009 saying that the accused created fake customers in order to inflate revenues to the tune of Rs 430 crore. Deccan Chronicle

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