RAMALINGA RAJU

  • Satyam founder Ramalinga Raju challenges fraud case verdict April 13, 2015

    Hyderabad: The founder of Satyam Computer Services(SATY.NS), Ramalinga Raju, who was found guilty in an accounting fraud case and sentenced to seven years' imprisonment last week, has filed an appeal to challenge the court's verdict. Uma Maheshwar Rao, a lawyer for Raju, said the appeal was filed in a sessions court...
  • India @ 9 with Zakka Jacob April 9, 2015

    Catch the day's top stories with Zakka Jacob on India @ 9. ...
  • Satyam case: Raju, nine others shifted to Cherlapally prison April 9, 2015

    Hyderabad: Satyam scam kingpin B Ramalinga Raju, who was once the poster boy of ITes industry, is now the convict number 4148 in Cherlapally Central Prison in Hyderabad where he was shifted along with nine others on Thursday evening, following their conviction in the Rs 7000 crore accounting fraud. Earlier in...
  • News 360: Centre freezes Greenpeace India's all 7 bank accounts April 9, 2015

    The Ministry of Home Affairs on Thursday froze all 7 bank accounts of Greenpeace India with immediate effect. Greenpeace India's accounts were frozen after serious allegations of its involvement in encouraging "anti-development" campaigns across the country. ...
  • Verdict on Satyam Computer scam out: Ramalinga Raju, 9 other convicts sent to 7 years in jail April 9, 2015

    It's seven years in jail for the Satyam scamsters including the company's founder Ramalinga Raju. A special Central Bureau of Investigation (CBI) court in Hyderabad on Thursday gave verdict on India Inc's biggest scam comes after a six year trial. ...
  • The Satyam Computer accounting fraud case timeline April 9, 2015

    With all the 10 people involved in the multi-crore accounting fraud in the erstwhile Satyam Computer Services Ltd (SCSL) found guilty and sentenced to seven year in jail by a special Central Bureau of Investigation court in Hyderabad. The court of judge BVLN Chakravarthi also slapped a fine of Rs 5...
  • Ramalinga Raju, 9 other convicts sent to 7 years in jail in multi-crore Satyam Computer scam April 9, 2015

    Hyderabad: B Ramalinga Raju has been sentenced to seven year in jail in the multi-crore Satyam Computer Services Ltd (SCSL) accounting fraud case, by a special Central Bureau of Investigation (CBI) court in Hyderabad. The court of judge BVLN Chakravarthi also slapped a fine of Rs 5 crore on Raju...
  • Satyam case: Ramalinga Raju requests judge for lighter punishment on health ground April 9, 2015

    Hyderabad: B Ramalinga Raju, who has been found guilty in the multi-crore Satyam Computer Services Ltd (SCSL) accounting fraud case, requested the judge for lighter punishment due to his health issues. The special Central Bureau of Investigation (CBI) court of judge BVLN Chakravarthi in Hyderabad pronounced all the 10 people guilty...
  • Ramalinga Raju, 9 others found guilty in Satyam scam April 9, 2015

    All the 10 people including B Ramalinga Raju and his brother B Rama Raju have been found guilty in the multi-crore Satyam Computer Services Ltd (SCSL) accounting fraud case. ...
  • The Satyam Computer accounting fraud and the case timeline April 9, 2015

    With all the 10 people involved in the multi-crore accounting fraud in the erstwhile Satyam Computer Services Ltd (SCSL) found guilty by a special Central Bureau of Investigation court in Hyderabad, the six-year-old case has reached its logical conclusion. The 10 people named in the case are B Ramalinga Raju, who...
  • All 10 including Ramalinga Raju and his brother found guilty in Satyam Computer accounting fraud case April 9, 2015

    Hyderabad: All the 10 people including B Ramalinga Raju and his brother B Rama Raju have been found guilty in the multi-crore Satyam Computer Services Ltd (SCSL) accounting fraud case. The special Central Bureau of Investigation (CBI) court of judge BVLN Chakravarthi in Hyderabad pronounced all of them guilty in...
  • Judgement day in Satyam accounting fraud case, Ramalinga Raju arrives in court April 9, 2015

    Hyderabad: It is judgement day in the multi-crore accounting fraud at Satyam Computer Services Limited and then chairman and founder of the company, B Ramalinga Raju, has arrived at a special court in Hyderabad. In the dock are 10 people including Ramalinga Raju, his brother and Satyam's former Managing Director B...
  • Hyderabad court's verdict in Satyam scam today to decide fate of Ramalinga Raju, 9 others April 9, 2015

    Hyderabad: More than six years after one of the biggest corporate scandals involving an Indian company erupted, a special court in Hyderabad will pronounce its verdict in the multi-crore accounting fraud in erstwhile Satyam Computer Services Ltd (SCSL). The case which rocked India Inc and led to a massive upheaval...
  • Court to pronounce verdict in Satyam case on Thursday April 8, 2015

    Hyderabad: A special court in Hyderabad trying the multi-crore accounting fraud in erstwhile Satyam Computer Services Ltd (SCSL) will pronounce its judgement in the CBI- probed case on Thursday. During the last hearing on March 9, Special Judge BVLN Chakravarthi said, "On April 9, the judgement will be pronounced....
  • Special court verdict in Satyam case likely on December 23 December 21, 2014

    Hyderabad: Days after Satyam founder B Ramalinga Raju was convicted in SFIO cases, a special court is expected to pronounce its verdict on Tuesday in the multi-crore accounting fraud in the erstwhile Satyam Computer Services Limited (SCSL), capping a nearly six-year trial. Satyam's former chairman Raju, along with his brother and...
  • Satyam scam: Ramalinga Raju, Rama Raju sentenced to 6 months in jail December 8, 2014

    Hyderabad: The Special Economic Offences Court in Hyderabad sentenced Satyam founder-chairman B Ramalinga Raju and his brother Rama Raju to six months in jail in the Rs 617 crore income tax fraud case. The brothers have also been fined Rs 10 lakhs in five separate cases. In connection with the complaints...
  • Court likely to fix date for Satyam verdict on June 23 June 18, 2014

    New Delhi: The special CBI court here is likely to fix the date for pronouncement of verdict in the case related to accounting fraud in the erstwhile Satyam Computer Services Ltd on June 23. Satyam founder and former chairman B Ramalinga Raju is the prime accused in the case. "The...
  • Satyam case: Ramalinga Raju appears in court on money-laundering charges April 4, 2014

    Satyam Computers founder Ramalinga Raju and another accused appeared before a court in Hyderabad in connection with a prosecution complaint filed by Enforcement Directorate against them for offences under the Prevention of Money Laundering Act (PMLA). The Enforcement Directorate in October last year had file the complaint against Raju and 212...
  • Ramalinga Raju's wife, relative sentenced for tax evasion January 9, 2014

    Hyderabad: A court in Hyderabad on Thursday sentenced 80 directors, including relative of Satyam founder B Ramalinga Raju, belonging to firms affiliated to erstwhile Satyam Computers to one year jail in an income tax evasion case, while four women directors got six months each. The four women sentenced by the Economic...
  • MSatTech Mahindra merger gets AP High Court approval June 11, 2013

    Hyderabad: The Andhra Pradesh High Court on Tueday approved the merger of Mahindra Satyam (MSat) with Tech Mahindra while dismissing the petitions of some shareholders seeking to stall the proposal in its current form so as to safeguard their financial interest. The Court said, however, that the investigations into the alleged...
  • Companies Bill to prescribe norms for class action suits March 1, 2013

    In January 2009, in what is widely referred to as 'India's Enron', 300,000 shareholders of Satyam Computer Services (now Mahindra Satyam) came together and sued the company. Satyam's founder Ramalinga Raju had confessed to misstating accounts, and the company stock plummeted. The shareholders claimed damages worth Rs 5,000 crore. For...
  • Satyam exdirectors win ruling in US classaction suit January 3, 2013

    New York: A US federal judge dismissed claims against seven former directors of Satyam Computer Services Ltd in shareholder lawsuits stemming from the massive fraud at the heart of India's largest corporate scandal. US District Judge Barbara Jones in New York ruled on Wednesday the lawsuits failed to allege that...
  • ED attaches Satyam founder's property worth Rs 822 cr October 18, 2012

    New Delhi: There is more trouble for Ramalinga Raju, the founder of Satyam. The Enforcement Directorate has attached the properties of Raju that are valued at Rs 822 crore. Raju is out on bail in the Rs 5000crore Satyam scam. In 2009, Raju admitted to an accounting scam and falsifying...
  • Price Waterhouse fumes as Satyam files case January 10, 2012

    New Delhi: Outraged over a case filed by Satyam against it, audit firm Price Waterhouse on Monday said it was an attempt to shift responsibility to auditors. "Price Waterhouse India is outraged that Satyam is attempting to shift responsibility to auditors for the consequences of a carefully and deliberately concealed fraud...
  • SC grants bail to exSatyam CEO Ramalinga Raju November 4, 2011

    New Delhi: The Supreme Court granted bail to former Satyam CEO B Ramalinga Raju and two others on Friday. Raju has been in jail for two years and eight months. He was arrested in connection with the multicrore accounting fraud involving Satyam. The apex court had on October 12 granted...
  • Satyam case: SC notice to CBI on Raju's bail October 21, 2011

    New Delhi: Satyam founder B Ramalinga Raju and his brother B Rama Raju, arrested in connection with the multicrore accounting fraud involving the IT firm, will have to remain in jail during Diwali as the Supreme Court on Friday refused to give them interim relief saying they have delayed in...
  • Satyam case: CBI seeks more time to complete trial September 18, 2011

    New Delhi: Unable to stick to the time frame to complete proceedings in the trial against former Satyam chief B Ramalinga Raju and nine others accused in the multicrore Satyam accounting fraud case, CBI has approached the Supreme Court seeking more time to complete the task. In an interim application filed...
  • Mahindra Satyam gets Rs 2,114 cr tax demand August 22, 2011

    Mumbai: The Income Tax Department has slapped a tax demand of Rs 2,114 crore on IT firm Mahindra Satyam (erstwhile Satyam Computer Services), after disallowing exemptions claimed by the company. "The company has received draft notices of demand for Rs 1,037.69 crore and Rs 1,075.73 crore for assessment years 200203 and...
  • Satyam: Raju, 5 others move lower court for bail August 10, 2011

    Hyderabad: Satyam scam accused B Ramalinga Raju and five others on Wednesday moved their bail petitions in the metropolitan sessions judge court following a direction from the Andhra Pradesh High Court. The bail petitions are likely to come up for hearing once the documents are scrutinised and kept for listing. The...
  • Satyam scam: Raju's bail plea dismissed August 4, 2011

    Hyderabad: A Special Central Bureau of Investigation (CBI) court on Thursday dismissed the bail petition of Satyam Computer scam accused B Ramalinga Raju and seven others. The XXI Additional Chief Metropolitan Magistrate (ACMM) court had on Wednesday reserved its order on the bail of Raju and seven other accused. CBI counsel K...