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Satyam case News

Business News 2015

17 Dec 2015

Major financial frauds of 2015

Here are the major financial frauds that rattled the corporate world.

11 Sep 2015

Bourses ask members not to allow Raju family to trade in markets

After a fresh Sebi order in Satyam case, stock exchanges BSE and NSE have asked trading members to ensure that eight entities including family members of the company's founder B Ramalinga Raju are not allowed to trade in the securities markets for seven years.

13 May 2015

Satyam case: Ramalinga Raju, 9 others released from prison

The Metropolitan Sessions Court, on May 11, suspended seven-year rigorous imprisonment awarded to Raju and others in the Satyam case, known as one of the biggest corporate frauds in India.

13 May 2015

Satyam case: Raju, others may be released today

Satyam Computers founder B Ramalinga Raju and nine others are expected to be released from the Cherlapally Central Prison Wednesday, as the prison authorities did not receive the bail order yesterday.

12 May 2015

Satyam case: Raju, others may be released Wednesday

Satyam Computers founder B Ramalinga Raju and nine others are expected to be released from the Cherlapally Central Prison Wednesday, as the prison authorities did not receive the bail order today.

11 May 2015

SC grants relief to Tech Mahindra in ED case

In a breather to Tech Mahindra, the Supreme Court Monday restrained for four months a trial court in Andhra Pradesh from framing charges against the IT services company in connection with Enforcement Directorate's proceedings in the Satyam accounting fraud case.

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.

08 May 2015

Satyam case: Court order on Ramalinga Raju's appeal for sentence suspension today

A local court would pronounce its order on Friday on appeals filed by Satyam Computers founder B Ramalinga Raju and nine others, seeking suspension of their sentences and the fines imposed on them in the multi-crore accounting fraud in the erstwhile IT firm.

07 May 2015

Court order on Raju's appeal for sentence suspension tomorrow

A local court would pronounce its order on Friday on appeals filed by Satyam Computers founder B Ramalinga Raju and nine others, seeking suspension of their sentences and the fines imposed on them in the multi-crore accounting fraud in the erstwhile IT firm.

07 May 2015

Satyam case: Court to hear arguments on bail pleas today

A local court will take up on 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

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.

20 Apr 2015

Satyam case: Court rejects pleas of Raju, others

A local court Monday rejected as non-maintainable the appeals filed by Satyam scam kingpin B Ramalinga Raju and others challenging a special court's verdict that found him and nine others guilty in the multi-crore rupee accounting fraud in erstwhile Satyam Computer Services Ltd (SCSL).

15 Apr 2015

Satyam case: Court reserves order on Raju's appeal against conviction

A Metropolitan Sessions Court Wednesday reserved its order till April 20 on an appeal filed by B Ramalinga Raju and others challenging a special court's verdict which found them guilty in the multi-crore rupee accounting fraud in erstwhile Satyam Computer Services Ltd.

13 Apr 2015

Satyam scam: Ramalinga Raju challenges fraud case verdict

The founder of Satyam Computer Services, 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.

10 Apr 2015

Satyam verdict a wake-up call for India Inc

The big message for India Inc is that the boards should take (corporate) governance very seriously, and to spend more time with the management.

09 Apr 2015

PriceWaterhouse disappointed over conviction of ex-associates

"We are disappointed with this verdict. As we have said many times, there has never been any evidence presented that either of our former partners S Gopalakrishnan or Srinivas Talluri were involved in or were aware of the management-led fraud at Satyam.

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.

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