Ramalinga Raju, former Chairman of Satyam Computer Services, along with brother Rama Raju and eight others have been slapped a fine of Rs 5 lakh and 6 months of imprisonment in connection with the Satyam scandal that occurred in 2009.
According to the report published in 'Deccan Chronicle', the Special Economic Offences Wing court of Nampally in Hyderabad convicted Ramalinga Raju, his brother Rama Raju and eight others in Hyderabad on Monday.
Raju and others have been charged with offences ranging from cheating, criminal conspiracy, forgery, breach of trust under relevant sections of IPC (Indian Penal Code), besides allegedly falsifying returns through violation of various I-T laws.
Another case regarding the CBI probe in Satyam fraud is pending for judgement on December 23.
(Source: Deccan Chronicle)
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