The Securities and Exchange Board of India (Sebi) has filed two complaints against the founder of erstwhile Satyam Computer Services Ramalingam Raju, his brother Rama Raju and others in connection with the account fraud which sounded the death-knell of the IT firm.
Sebi had earlier slapped a penalty of Rs 1,849 crore on the company, and banned it from market for 14 years. The market regulator today filed two complaints in the special Economic Offences Court against Raju brothers, former CFO Vadlamani Srinivas and two former auditors of international auditing firm PWC, among others.