Satyam founder guilty in India's biggest corporate fraud scandal

April 9, 2015 9:46 AM

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Satyam founder guilty in India's biggest corporate fraud scandal

MUMBAI (Reuters) - A court on Thursday pronounced the founder of Satyam Computer Services Ltd, Ramalinga Raju, guilty of forging documents and falsifying accounts, in India’s biggest-ever corporate accounting fraud.

A court in Hyderabad - the home city of what was once one of India's largest IT outsourcing companies - also found guilty Raju's brother and ex-Satyam managing director, B. Rama Raju, as well as eight other former Satyam executives, special public prosecutor K. Surender said.

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