Home >Companies >News >Satyam case: Court to pronounce final verdict tomorrow

Hyderabad: A special court here trying the multi-crore accounting fraud in erstwhile Satyam Computer Services Ltd will pronounce its judgement in the case on Thursday.

During the last hearing on 9 March, special judge BVLN Chakravarthi said, “On 9 April, the judgement will be pronounced. I am making it very clear. 9 April will be the final date for the verdict. No question of further adjournments. Court will not wait." Touted as the country’s biggest accounting fraud, the scam had come to light on 7 January 2009, after the firm’s founder and then chairman B. Ramalinga Raju allegedly confessed to manipulating his company’s account books and inflating profits over many years to the tune of crores of rupees.

Raju was arrested by Andhra Pradesh Police’s Crime Investigation Department two days later after he allegedly confessed to the fraud, along with his brother Rama Raju and others. All the 10 accused in the case are currently out on bail. Around 3,000 documents were marked and 226 witnesses examined during the trial that began nearly six years ago.

Beside Ramalinga Raju, the other accused are his brother and Satyam’s former managing director B. Rama Raju, former chief financial officer Vadlamani Srinivas, former PwC auditors Subramani Gopalakrishnan and T Srinivas, Raju’s another brother B. Suryanarayana Raju, former employees G. Ramakrishna, D. Venkatpathi Raju and Ch Srisailam and Satyam’s former internal chief auditor V.S. Prabhakar Gupta.

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