New Delhi, Apr 9: A special CBI court here on Thursday found B. Ramalinga Raju, his brother Rama Raju and eight others guilty of the multi-crore Satyam scam, which stunned the corporate world in 2009.
Ramalinga Raju, Satyam Computer Services Limited's founder and former chairman, and his brother were found guilty of criminal breach of trust, a CBI lawyer said.
Eight others were declared guilty of criminal conspiracy in the country's biggest accounting fraud.
Considered to be the country's largest scam, the fraud came to light when the company's founder and the then Chairperson B Ramalinga Raju reportedly confessed that he had manipulated the company's account books to the tune of crores across the years. He was arrested just 2 days later by Andhra Pradesh Police's crime investigation department.
Soon after special court's decision, Twitterati went abuzz and B Ramalinga Raju became a trending topic in India.
Here are Twitter reactions:
Satyam Founder Ramalinga Raju Found Guilty In India's Largest Corporate Scandal: After six years the Satyam scam first came into righ...— Hajime (@_hajmie) April 9, 2015
Took us 6 years to prove that Ramalinga Raju is Guilty, when he himself confessed the same!Mockery of Indian Judicial System. @menakadoshi— lalit (@lalitinvestor) April 9, 2015
Ramalinga Raju Miya, 2005 I told u, don't do Fraud at UN with Fake virtual employees.... now face the music on law— #GauravPradhan (@DrGPradhan) April 9, 2015
Tiger that he rode set to consume b Ramalinga raju shortly - 3 to 5 years jail term - by Cbi court— sandeep bamzai (@sandeep_bamzai) April 9, 2015
first there is a king ( Raju) and now there is fraud kind ( Ramalinga Raju )— Nava mohan (@iamnavamohan) April 9, 2015
Ramalinga Raju to Judge: I have done a lot of philanthropic activities and social service like 108. Pl consider that also before sentencing— T S Sudhir (@Iamtssudhir) April 9, 2015
Ramalinga Raju is reportedly looking for Salman Khan's driver for reasons currently unknown.— lindsay pereira (@lindsaypereira) April 9, 2015
This Ramalinga Raju resembles Arvind Kejriwal too much and both are frauds as well pic.twitter.com/tYQOrVtZwm— Boldmonk (@Ghanta_Claus) April 9, 2015