India

Ramalinga Raju, 9 others found guilty in Satyam case

April 09, 2015 11:43 AM

Satyam founder B Ramalinga Raju and nine others have been found guilty in one of the country's biggest accounting frauds by a special CBI court.

The scam surfaced in January, 2009, after Mr Raju, the firm's then Chairman, allegedly confessed to manipulating his company's account books and inflating profits over many years.

Mr Raju was arrested by Andhra Pradesh Police's Crime Investigation Department two days later after he allegedly confessed to the fraud, along with his brother Rama Raju and others.

All the 10 accused in the case are currently out on bail.

Around 3,000 documents were marked and 226 witnesses examined during the trial that began nearly six years ago.
Have something to say? Post your comment
Copyright © 2012 Calgary Indians All rights reserved. Terms & Conditions Privacy Policy