Page 10 - Satyam Scam

Much-awaited verdict in Satyam fraud case likely today

A special court here is slated to pronounce Monday the much-awaited judgement in the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL).

Court sets Apr 9 as final date for verdict in Satyam case

A special court here trying the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL) today said it will pronounce its judgement in the CBI-probed case on April 9. Citing voluminous documents in the case, Special Judge BVLN Chakravarthi said, "On April nine, the judgement will be pronounced. I am making it very clear." "It is mandate of the Supreme Court that judgement has to be pronounced. If any obstruction is caused it is contempt of (apex) court...It is your (accused) duty to bring your advocates. Court will go ahead with its proceedings," he said. The judge's observation came as defence counsels were not present in the court ostensibly because of the ongoing agitation of Telangana advocates, who have been boycotting courts demanding separate high court for the new state. "April nine will be the final date for the verdict. No question of further adjournments. Court will not wait," the judge said. During the last hearing on December 23, 2014, t

Satyam case: Court defers judgement to April 9

Claims volumnious documents in the case delayed procedure

Court to pronounce verdict in Satyam case tomorrow

A special court here trying the multi-crore accounting fraud in erstwhile Satyam Computer Services Ltd (SCSL) will pronounce its judgement in the CBI- probed case tomorrow.

A fraud that shattered the dreams of many...

On January 6, 2009, Satyam Computer Services was was the darling of the bourses in India and abroad. Everything was going great - a strong brand, good showing on quarterly results and optimism all around.

Satyam shadow still haunts Tech Mahindra

Even after completing the merger of Satyam Computer Services in June 2013, Tech Mahindra has not able to erase the taint of B Ramalinga Raju as it battles some legal cases linked to the scam.

Satyam scam hits Maytas firms

Maytas is Satyam spelt backwards. The promoters intentionally named their infrastructure and real estate firms that way. Of course, they had no inkling that some day the companies would face big setbacks on account of their association with Satyam.

After verdict, Raju puts up a brave face

While all the accused were seated in a single row separated two metres from the entrance door, Raju was the most visible occupying the first seat

In the dock: The accused in the Satyam case

The 10 who were held guilty by the special court on Thursday

An inevitable end

The tragic saga of Satyam draws to a close

10 ways the Price Waterhouse fallout changed auditing in India

The Satyam incident, which dented the image of Indian audit community, had raised questions on the level of corporate governance practices in boardrooms, and on auditor-management relationship

The two faces of Ramalinga Raju

Some of his old-time associates mentioned in BS Books 'The Satyam Saga' remember Raju as someone who could do no wrong, while some others saw him turning into someone who would readily flout every rul

Tech Mahindra's journey with Satyam so far

While the acquisition helped Tech Mahindra add $1.2 billion to its top line, it took almost eight quarters to do so; the company also spent around $200 million in legal fees

How Satyam was salvaged

Deepak Parekh, Kiran Karnik and C Achuthan are some of the names that helped the company

Verdict unlikely to draw curtain on Satyam case

Despite the voluminous case against the former Satyam executives, there is a general feeling that retail investors in India have been left shortchanged

Satyam scam: 7-year jail term for Ramalinga Raju

The company's co-founder was found guilty of cheating, forgery and criminal breach of trust

The poetic side of Ramalinga Raju

'My tryst with poetry began when I was 20 years old. And, I continued penning other poems in three to four phases in the last 35 years' says Raju

Nine insurance and asset management companies incurred loss of over Rs 1,474 cr due to Satyam fraud

The companies made investments in Satyam believing the financial statements and annual reports of the then fourth largest IT company in the country

Satyam's Raju files appeal against his conviction

The founder of the erstwhile Satyam Computer Services Limited (SCSL), B Ramalinga Raju, and other accused in the multi-crore accounting fraud case, have filed appeals in a Metropolitan Sessions Court here challenging the verdict of the special court set up by the Central Bureau of Investigation (CBI)

Ramalinga Raju's new love: Healthcare, pharma

The company is planning to launch the service with 40 vehicles in Telangana and Andhra Pradesh to begin with, and expand it to other states in phases