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Accounting fraud News

11 May 2015

Satyam case: Ramalinga Raju, 9 others granted bail; court suspends their sentences

In a sigh of relief to Satyam Computers founder B Ramalinga Raju and 9 others sentenced to 7 years rigorous imprisonment in the multi-crore accounting fraud, the Hyderabad Court on Monday granted them bail.

Satyam Computer

08 May 2015

Satyam case: Court reserves order on Raju's plea till May 11

A local court on Friday deferred to May 11 its order on an application filed by Satyam Computers founder B Ramalinga Raju and nine others, seeking suspension of their sentence and fines imposed on them in the multi-crore rupee accounting fraud.

Satyam Computer

06 May 2015

Satyam case: Court to hear arguments on bail pleas Thursday

A local court will take up Thursday the appeals filed by Satyam Computers founder B Ramalinga Raju and nine others, seeking suspension of their sentences in the multi-crore accounting fraud in the erstwhile IT company.

Satyam Computer

05 May 2015

Satyam case: Raju moves sessions court against conviction

Satyam Computer founder B Ramalinga Raju and nine others have moved a sessions court here challenging their conviction in the multi-crore accounting fraud at the erstwhile IT firm.

09 Apr 2015

Satyam case: Plea for leniency on quantum of sentence rejected

Raju and his brother and former Managing Director B Rama Raju in their statements before the court narrated about the "philanthropic activities" done by them through agencies like Emergency Management Research Institute (EMRI 108 services) and Byrraju Foundation.

09 Apr 2015

Complaint by shareholder led to sentencing in Satyam case

On the basis of the complaint filed by Leena Mangat, a resident of Secunderabad, the CB-CID had filed an FIR on January 9, 2009 against Ramalinga Raju (Chairman), his brother B Rama Raju (MD) and other directors, auditors and others.

09 Mar 2015

Court sets April 9 as final date for verdict in Satyam case

Citing voluminous documents in the case, Special Judge BVLN Chakravarthi said, "On April nine, the judgement will be pronounced. I am making it very clear."

09 Mar 2015

Much-awaited verdict in Satyam fraud case deferred to April 9

Around 3,000 documents were marked and 226 witnesses examined during the trial that began nearly six years back.

30 Oct 2014

Satyam case verdict likely on Dec 23

A special court here will pronounce its verdict on December 23 in the accounting fraud in the erstwhile Satyam Computer Services Limited, nearly six years after the the multi-crore rupee scam jolted corporate India.

30 Oct 2014

Satyam case: Court to pronounce judgement on December 23

A special court in Hyderabad trying the multi-crore accounting fraud involving the Satyam Computer Services on Wednesday fixed December 23 as the date of pronouncing the judgement.

Satyam Computer Services

22 Jun 2014

Satyam fraud case verdict date may be fixed Monday

Satyam Computer Services Ltd later merged with Tech Mahindra.

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