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.
Amitabh Thakur -
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).
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