Much-awaited verdict in Satyam fraud case today. Must Read.
A special court in Hyderabad is slated to pronounce the much-awaited judgment in the multi-crore accounting fraud in the erstwhile Satyam Computer Services Limited (SCSL) today. During the last hearing on December 23, 2014, special judge BVLN Chakravarthi had said that he would pronounce the verdict on March 9, citing voluminous documents of the case,
Around 3,000 documents were marked and 226 witnesses examined during the trial that began nearly six years back. The case was probed by CBI. Touted as the country's biggest accounting fraud, the scam had come to light on January 7, 2009, after the erstwhile firm's founder and the then chairman B Ramalinga Raju allegedly confessed to manipulating his company's account books and inflating profits over many years to the tune of several crores.
Info @ http://timesofindia.indiatimes.com/city/hyderabad/Much-awaited-verdict-in-Satyam-fraud-case-today/articleshow/46497518.cms more
Around 3,000 documents were marked and 226 witnesses examined during the trial that began nearly six years back. The case was probed by CBI. Touted as the country's biggest accounting fraud, the scam had come to light on January 7, 2009, after the erstwhile firm's founder and the then chairman B Ramalinga Raju allegedly confessed to manipulating his company's account books and inflating profits over many years to the tune of several crores.
Info @ http://timesofindia.indiatimes.com/city/hyderabad/Much-awaited-verdict-in-Satyam-fraud-case-today/articleshow/46497518.cms more
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