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Apr 9, 2015 · Ramalinga Raju, founder and former chairman of fraud-hit Satyam Computer Services, is escorted from a court in the southern Indian city of Hyderabad in April 2009. Raju and nine other defendants ...
Apr 9, 2015 · December 8: Ramalinga Raju, Rama Raju, Vadlamani Srinivas and former director Ram Mynampati were sentenced to six months jail term and fined by the Special Court for Economic Offences in connection with complaints filed by Serious Fraud Investigation Office ( SFIO) for violation of various provisions of the Companies Act.
Apr 9, 2015 · Follow Us. B Ramalinga Raju, who was sentenced by a CBI court on Thursday to 7 years in jail, founded Satyam in 1987 and made it India’s fourth largest IT firm, which reaped huge profits after making solutions to tackle the Y2K crisis before falling from grace. Shruti Srivastava explains how the country’s biggest accounting fraud unfolded.
Apr 9, 2015 · Ramalinga Raju and his brother and Satyam's former Managing Director B Rama Raju were also found guilty under section 409 of IPC relating to criminal breach of trust. advertisement Eight others were declared guilty of criminal conspiracy in the country's biggest accounting fraud.
Sep 2, 2020 · Though he and his brothers were convicted of fraud in April 2015, Bad Boy Billionaires: India subject Byrraju Ramalinga Raju isn't in prison now. According to the Times of India, a Hyderabad ...
Apr 9, 2015 · B Ramalinga Raju, who founded the software services giant, denied charges of conspiracy, cheating and forgery but admitted to accounting malpractices. Raju was also fined $800,000.
A failed attempt by Raju to use Satyam to buy a property company led to the scandal being uncovered. Initial confession and investigation. On 7 January 2009, the chairman of Satyam, Byrraju Ramalinga Raju, resigned, confessing that he had manipulated the accounts of Rs 7,000 crore in several forms. The global corporate community was said to be ...
