Hyderabad, April 9: Satyam scam kingpin B Ramalinga Raju and his brother B Rama Raju were Thursday sentenced to seven years’ rigorous imprisonment and fined a whopping Rs 5.5crore after they were convicted by a special court in the Rs7000-crore accounting fraud that shook the corporate world six years ago.
Eight others, including former chief financial officer Vadlamani Srinivas, former Price Waterhouse auditors Subramani Gopalakrishnan and T Srinivas, were also sentenced to seven Years’ rigorous imprisonment and fined varying amounts up to Rs 25lakh by Special Judge BVLN Chakravarthi.
The 10 accused were convicted of criminal conspiracy and cheating among other offences in the scam dubbed as the country’s biggest accounting fraud.
Once the poster boy of the ITeS industry, Byrraju Ramalinga Raju (60), and former employee G Ramakrishna were also found guilty of causing disappearance of evidence of offence) of IPC by the judge. PTI
