Court rejects Satyam founder plea

By: | Published: April 21, 2015 12:47 AM

A metropolitan sessions court in Hyderabad on Monday rejected an appeal by Satyam founder B Ramalinga Raju...

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.

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