WebThe Satyam Computer Services scandal was India's largest corporate fraud until 2010. The founder and directors of India -based outsourcing company Satyam Computer … WebRamalinga Raju, founder and Chairman of Satyam Computer Services Ltd, India’s 4th largest IT services company, admitted to fraud and inflating the revenue and costs and resigned from the company and the board. Raju admitted that he falsified the account books at Satyam. The $1.04 billion listed in assets is non-existent according to Raju ...
Ramalinga Raju - Wikipedia
Byrraju Ramalinga Raju (born 16 September 1954) is an Indian businessman. He is the founder of Satyam Computer Services and served as its chairman and CEO from 1987 until 2009. Raju stepped down following his admission to embezzlement from the company to the tune of ₹7,136 crores (approximately US$1.5 … See more Ramalinga Raju, the eldest of Four children, was born on 16 September 1954. He earned a Bachelor of Commerce degree from Andhra Loyola College at Vijayawada and subsequently earned an MBA from Ohio University in … See more Ramalinga Raju is married to Nandini and the couple had two children Teja Raju, and Rama Raju. Teja Raju is married to Divya, a Bharatanatyam dancer. Younger son Ramaraju married Sandhya Raju, daughter of P. R. Venkatarama Raju, managing director of See more The major philanthropic foundations he has founded and grown to large scale between 2000 and 2008 are: Byrraju Foundation: See more In November 2010, Raju surrendered after the Supreme Court in August cancelled the bail granted to him by a lower court in Hyderabad, where … See more In 1987, Raju incubated Satyam Computer Services along with one of his brothers-in-law, DVS Raju at P&T colony in Secunderabad and … See more In September 1995, as Raju was building Satyam, Andhra Pradesh had a new Chief Minister, Chandra Babu Naidu, who wanted to bring in change. Naidu saw IT as a strategic … See more Raju resigned from the Satyam board after Satyam Scandal, admitting to falsifying revenues, margins and over ₹5,000 crore of cash balances at … See more WebThe court also imposed a fine of Rs 5 crore on Ramalinga Raju, the Satyam Computer Services Ltd's founder and former chairman, and his brother B Rama Raju and Rs 20-25 lakh each on the remaining accused. HT presents a lowdown of the country's biggest-ever corporate accounting scandal . ... trippy aesthetic pictures
Satyam Scandal: The biggest issue revolving around Corporate ... - LexForti
WebSep 9, 2024 · The acquisition of Satyam Computers in 2009 made Tech Mahindra became a player in the Indian IT industry. 2010 In December 2010, British Telecom sold 5.5 per … WebJan 11, 2009 · NEW DELHI — The founder of Satyam Computer Services, B. Ramalinga Raju, made a risky proposition to win his first big client, the tractor maker John Deere: If … WebApr 9, 2015 · MUMBAI (Reuters) - The founder of Satyam Computer Services, once India’s fourth-largest software services firm, was sentenced to seven years in prison after being found guilty in an accounting... trippy aesthetic room