Verdict in Satyam case today
10 April 2015 5:12 AM IST
A special court, trying the multi-crore accounting fraud in erstwhile Satyam Computer Services Ltd (SCSL), will pronounce its judgement in the CBI-probed case on Thursday.
During the last hearing on March 9, Special Judge BVLN Chakravarthi had said, “On April 9, the judgement will be pronounced. I am making it very clear. April 9 will be the final date for the verdict.
No question of further adjournments. Court will not wait.” Touted as the country’s biggest accounting fraud, the scam had come to light on January 7, 2009, after the firm’s founder and then Chairman B Ramalinga Raju allegedly confessed to manipulating his company’s account books and inflating profits over many years to the tune of crores of rupees.
Raju was arrested by AP Police Crime Investigation Department two days later after he allegedly confessed to the fraud, along with his brother Rama Raju and others. All 10 accused in the case are currently out on bail. Around 3,000 documents were marked and 226 witnesses examined during the trial that began nearly six years ago.
During the last hearing on March 9, Special Judge BVLN Chakravarthi had said, “On April 9, the judgement will be pronounced. I am making it very clear. April 9 will be the final date for the verdict.
No question of further adjournments. Court will not wait.” Touted as the country’s biggest accounting fraud, the scam had come to light on January 7, 2009, after the firm’s founder and then Chairman B Ramalinga Raju allegedly confessed to manipulating his company’s account books and inflating profits over many years to the tune of crores of rupees.
Raju was arrested by AP Police Crime Investigation Department two days later after he allegedly confessed to the fraud, along with his brother Rama Raju and others. All 10 accused in the case are currently out on bail. Around 3,000 documents were marked and 226 witnesses examined during the trial that began nearly six years ago.
Next Story
