Judgement in Satyam Raju case on August 11

Posted : July 28, 2014 at 8:11 pm IST by ManaTeluguMovies

sathyam

Satyam Ramalinga Raju case has been put up for final orders by the CBI court in Hyderabad on August 11 in the case of fudging company profits to keep investors happy to the tune of Rs.7126 crore.

Ramalinga Raju was jailed for 12 months after his self confession which rocked the stock markets and caused huge losses to investors to the tune of Rs.14,000 crore. Ramalinga Raju now on bail for two years has also been banned by the SEBI from participating in the stock market and also to pay a fine of over Rs.3000 crore.

Ramalinga Raju case had rocked the international confidence in the Indian software companies and Raju is also facing cases in the American courts.