Mumbai: Born in 1954, Ramalinga Raju was the former chairman of Satyam computer services from 1987 to 2009.
60-year-old Raju has so far spent 32 months in jail.
Satyam shocked investors in 2009 when its founder and former Chairman Ramalinga Raju said the company's profits had been overstated for years and assets falsified in a fraud allegedly worth over $1.5 billion.
He stepped down as the chairman after admitting to embezzlement of financial figures of the company to the tune of Rs 71.36 billion.
Shortly after the scam broke out, Raju tried to persuade investors that the company was sound.
In 2009, Raju indicated that Satyam's accounts had been falsified over a number of years.
Satyam founder B Ramalinga Raju outside at a special CBI Court in Hyderabad. (Photo: Twitter)
Raju and his brother, B Rama Raju, were then arrested by the CID Andhra Pradesh police on charges of breach of trust, conspiracy, cheating, falsification of records.
Raju had also used dummy accounts to trade in Satyam's shares, violating the insider trading norm.
In September 2009, Raju was hospitalised after a minor heart attack and underwent angioplasty.
According to sources, Raju had a lavish lifestyle that included, 13 cars including Mercedes and BMWs, 310 belts, 321 pair of shoes. His house also had a telescope worth £140,000.
Reports also suggest that Raju had donated gold to temples in Andhra Pradesh and had villas in over 63 countries.
