The trial began nearly six years back
Around 3,000 documents were marked and 226 witnesses examined during the trial that began nearly six years back. (Photo: PTI/File)
New Delhi: Touted as the country's biggest accounting fraud, the scam had come to light on January 7, 2009, after the erstwhile firm's founder and the then chairman B Ramalinga Raju allegedly confessed to manipulating his company's account books and inflating profits over many years to the tune of several crores.
- Around 3,000 documents were marked and 226 witnesses examined during the trial that began nearly six years back. The case was probed by CBI.
- Raju was arrested by Andhra Pradesh police's Crime Investigation Department two days later, after he allegedly confessed to the fraud.
- In February 2009, the CBI took over the investigation and filed three charge sheets (April 7, 2009, November 24, 2009, and January 7, 2010), which were later clubbed into one.
- In November 2010, Raju surrendered after the Supreme Court in cancelled the bail granted to him by a lower court in Hyderabad.
- In January 2014, Ramalinga Raju's wife Nandini Raju and sons Teja Raju and Rama Raju were among 21 relatives of the ex-Satyam boss who were convicted by a Special Court for Economic Offences here for default in Income Tax payment.
- On December 8 2014, Ramalinga Raju, Rama Raju, Vadlamani Srinivas and former director Ram Mynampati were sentenced to six months' jail and fined by the Special Court for Economic Offences in connection with complaints filed by the Serious Fraud Investigation Office (SFIO) for violation of various provisions of the Companies Act.
( Source : dc/pti )
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