Welcome Guest | |
Follow Us:
    
Newsletter Signup:
Satyam Scam: Chairman Ramalinga Raju granted bail
Principal accused in the multi-crore accounting scam, Ramalinga Raju, has been granted bail by the Andhra Pradesh High court InformationWeek News Network, August 18, 2010
The Andhra Pradesh High Court today granted bail to Ramalinga Raju, who was the prime accused in the Satyam Computers (then India’s fourth largest software services firm) accounting scam. With this development, all the ten accused are now out on bail. In addition to Raju, the accused out on bail include Raju’s brother, B Rama Raju and V Srinivas, Former CFO of Satyam Computers.

The Satyam scam is the biggest corporate fraud of India, and estimated to be to the tune of Rs 14,000 crore.

"Disclaimer Note: "InformationWeek India and UBM India do not endorse, and have not verified the views and claims expressed in this vendor Press Release."


blog comments powered by Disqus
Featured Videos


 
    
 
Latest IT/ITES News
Top Stories
Webcast (On Demand)
"The Social Organization"
Attend Webcast on "The Social Organization" presented by Mark McDonald, Ph.D. Group Vice President, Gartner Fellow, Gartner Executive Programs - He discusses the approaches necessary to bring social media technology together with people to create mass collaboration and transform the way you work. This webcast discusses why it’s important to become a social organization rather than just having social media. Attend this webcast on Demand
Interview
CIOs must leverage social media to increase their presence in the boardroom
Arun Sundararajan, NEC Faculty Fellow and Associate Professor at New York University’s Stern School of Business, discusses with InformationWeek the relevance of social media to the overall business, and how CIOs must handle social media
BankTech India - IT News for BFSI Segment
We're on Google+
InformationWeek India on Facebook