Breaking News, India

Ramalinga Raju gets 7 years jail term!

16420_214706Hyderabad: A special CBI court on Thursday found B. Ramalinga Raju, his brother Rama Raju and eight others guilty in the multi-crore Satyam scam in which Rama Linga Raju was awarded a 7 years jail term.

Ramalinga Raju, the 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 that left the corporate world stunned in 2009.

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