• search
For Hyderabad Updates
Allow Notification  

Satyam fraud: All 10 accused found guilty


Hyderabad, April 9: A special court today pronounced all the 10 accused in the Satyam scam guilty today. In the last hearing on March 9, special judge BVLN Chakravarthi had assured, "On April 9, the judgment will be pronounced. I am making it very clear. April 9 will be the final date for the verdict. No question of further adjournments. Court will not wait."

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.


Along with him, his brother and the then MD to Satyam-Rama Raju, former chief financial officer Vadlamani Srinivas, former PwC auditors Subramani Gopalakrishnan and T Srinivas, Raju's another brother B Suryanarayana Raju, former employees G Ramakrishna, D Venkatpathi Raju and Ch Srisailam and Satyam's former internal chief auditor V S Prabhakar Gupta were also arrested.

Close to 3,000 documents and 226 witnesses were produced in the 6 years of trial. All of them were charged with offences related to cheating, criminal conspiracy, forgery and breach of trust.

[Read: Rewinding Satyam fraud case: Timeline]

OneIndia News

For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more