A metropolitan sessions court in Hyderabad on Monday rejected an appeal by Satyam founder B Ramalinga Raju and nine others challenging special court’s verdict, which had found them guilty in the multi-crore accounting fraud in Satyam Computer Services. The court asked them to appeal in the High Court terming the case as non-maintainable.
On April 9, a special court had sentenced Ramalinga Raju and nine others to seven years of imprisonment along with a fine of R5 crore after he was found guilty of forging documents and falsifying accounts in the R7,000-crore accounting fraud scandal.
