Ramalinga Raju found Guilty, 9 others Convicted in Satyam Case

News

Hyderabad, April 09: Erstwhile IT major Satyam founder B Ramalinga Raju was found guilty by a special court on Thursday in the multi-crore accounting fraud in the company. Along with him, nine others accused were also convicted in the case.

The court found Raju guilty of cheating, forgery and criminal breach of trust. The sentence will be pronounced tomorrow.

The nine others are his brother B Rama Raju, who is the former Managing Director of Satyam, another brother B Suryanarayana Raju, former Chief Financial Officer Vadlamani Srinivas, former PwC auditors Subramani Gopalakrishnan and T Srinivas, former employees G Ramakrishna, D Venkatpathi Raju and Ch Srisailam and former internal chief auditor of Satyam V S Prabhakar Gupta.

All are charged with cheating, criminal conspiracy, forgery and breach of trust under relevant sections of IPC.

Satyam case, the biggest accounting scam in the country, had come to fore on January 7, 2009 after Raju confessed to the fraud. He was arrested along with his brothers who also confessed the same.

Satyam Computer Services is now touted as Tech Mahindra in India.

More Articles