Satyam scam: Raju, Others Get 7-Year Imprisonment

Delivering its judgement in the Satyam scam, a CBI Special Court on Thursday sentenced founder and former chairman of Satyam Computers B Ramalinga Raju and nine others to seven years of rigorous imprisonment.

The judge, B V L N Chakravarthy, also imposed varying amounts of fines on the accused.

A fine of Rs 5.5 crores each has been imposed on the main accused in the multi-crore scam, Ramalinga Raju, and his brother and former managing director B Rama Raju, who faced charges under section 409 IPC (criminal breach of trust).

In addition, Ramalinga Raju faced charges under sections 120B read with 420 of the Indian Penal Code.

He was also convicted under sections 409, 467, 468, 471, 477A and 201 of the IPC. The sentences under the various charges will run concurrently.

The eight other accused have been asked to pay a penalty of Rs 50 lakhs each.

The other accused who have been convicted are Srinivas Vadlamani (former Chief Financial Officer of the company), S Gopalakrishnan and Taluri Srinivas (partners - Price Waterhouse), B Suryanarayana Raju, Prabhakar Gupta (internal auditor), G Ramakrishna (head, finance), D Laxmipathy and Venkatpathi Raju. They were found guilty under section 120B read with section 420 of the IPC.

After the pronouncement of the judgement, all 10 accused were shifted to the Cherlapally central prison. (INN)