Satyam case: Composed Ramalinga Raju smiled before the verdict
No trace of worry was found on the face of Satyam’s ex-chairman at the court hall
Hyderabad: It was 10 o’ clock in the morning. Hordes of mediapersons arrived at the Nampally court complex to cover the verdict after six-year-long trial. Though there was tension in anticipation of the verdict, the main accused — B. Ramalinga Raju — entered the court hall, wearing a white shirt and light brown trousers with no trace of worry or anxiety.
He maintained composure and smiled. Thereafter, the court hall door was closed to prevent the entry of unauthorised persons. In view of certain incidents in the past, the mediapersons too were not allowed to enter the court hall to cover the proceedings.
Read: Complex case delayed verdict, Ramalinga Raju convicted after six long years of trial
The special judge pronounced the accused guilty around 12 pm.
There was a little anticipation that the sentence and quantum of punishment would be pronounced next day. However, CBI SP V. Chandrasekhar informed that the sentence would be given on Thursday post-lunch. After the verdict, the convicted were shifted to the Cherlapally jail.
Read: Satyam Raju, brother are guilty, get 7-year rigorous imprisonment
Others who were convicted
1) Rama Raju - The ex-CEO of Satyam got the same punishment as Ramalinga Raju.
2) Vadlamani Srinivas – Former CFO was considered to be part of trio that knew about the irregularities.
3) S. Gopalakrishnan - A PwC auditor will pay upto Rs 31 lakh in fine apart from serving 7-year jail.
Read: New laws will curb Satyam-like scams
4) Talluri Srinivas - He is another PwC auditor who audited the falsified books of Satyam.
5) B. Suryanarayana Raju - The younger brother of Satyam founder and is the director in most front firms.
Other convicted are former Satyam employees G. Ramakrishna, G. Venkatapati Raju and Ch. Srisailam, and Satyam internal auditor V.S.P. Gupta.
Read: Complaint by shareholder led to sentencing in Satyam case
Convicted under sections
IPC Sections 409 (criminal breach of trust by agent), 406 (criminal breach of trust) 419 (impersonation) 467, 468, 471, 477-A (forgery, using forged documents as genuine and fudging of accounts). Raju and Ramakrishna were convicted under Section 201 (destruction of evidence).