dear Indians,

Nothing will happen to Raju or others director or to the auditor -
PWC. They all will sort out the issue at top political level as sanjay
baba did. Only for sometime , Raju will face some harrassment and
aftewr wards enjoy the world with all pleasure.

Atul

Amitabh Thakur -

Friends,

As far as the criminal liability of the ex-Satyam Chief and whoever
else has been his accomplish is concerned, as one of the newspaper
(TOI) rightly reports, these acts of Raju and his team attract the
provisions of many laws including section 23 Securities Contract
Regulation Act 1956, Section 24, SEBI Act 1992, Section 211 of the
Companies Act and section 477-A of the IPC.
I am sure while the TOI mentions only these sections, many other
sections of the IPC under the Chapter XVII (Of offences related to
property) which deal with Criminal Misappropriation of Property,
Criminal Breach of Trust, Cheating and Fraudulent Deeds and Chapter
XVII (Of Offences relating to Documents and Property Marks) including
Forgery, Making a false document and Falsification of accounts also
apply so apparently to this case. The various sections that seem
prima-facie to apply are sections 403 (punishment for Dishonest
misappropriation of property), section 405 and 406 (definition and
punishment for criminal breach of trust), section 409 ( punishment for
criminal breach by a public servant, banker, merchant etc.), section
415 and 417 ( definition and punishment for cheating), sections 463
and 464 ( define forgery and false documents respectively) and section
465 ( prescribes punishment for forgery) and finally as the TOI says
section 477A (Falsification of accounts).

Amitabh Thakur

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