Founder Of Indian IT Giant Satyam Gets 7 Years In Fraud

April 9, 2015 1:15 PM

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Ramalinga Raju, founder and former chairman of fraud-hit Satyam Computers, is escorted from a court in the southern Indian city of Hyderabad in April 2009. Raju and nine other defendants have been convicted of fraud and conspiracy.

In one of India's largest-ever cases of corporate fraud, the founder and chairman of failed outsourcing giant Satyam Computers and nine others defendants have been sentenced to seven years in prison on charges of stealing millions from shareholders.

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