SOFTWARE COMPANY BOSS GETS SEVEN YEARS JAIL FOR SATYAM SCAM
April 21st, 2015
A court in Hyderabad, India, has sentenced the founder of software company Satyam, Ramalinga Raju, to seven years imprisonment for his part in the country’s biggest ever accounting fraud case, brought by the Indian anti-fraud office the Central Bureau of Investigation (CBI) in 2009. The Additional Chief Metropolitan Magistrate (ACMM) court last Thursday also jailed for seven years nine other defendants, found guilty of charges including manipulating the company’s account books and inflating profits. Among the convicted were Raju’s brother the company’s ...
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