Raju, nine others get 7 yr imprisonment in Satyam scam

Delivering its judgment in Satyam scam, a CBI Special Court on Thursday sentenced former Chairman of Satyam Computers B Ramalinga Raju and nine others to seven years of rigorous imprisonment. The judge, BVLN Chakdravarthy, has also imposed varying amounts of fine on the accused.

A fine of Rs 5.5 crore each has been imposed on the main accused of 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 120-B read with 420 IPC. He was also convicted under Sections 409, 467, 468, 471, 477-A and 201 of IPC. The sentence under the various charges will run concurrently.

The either other accused have been asked to pay a penalty of Rs 50 lakh each.

The other accused who have been convicted are Srinivas Vadlamani (former Chief Financial officer), 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 sections 120 B read with Section 420.

After the pronouncement of judgment, all 10 accused were shifted to the Cherlapally Central Prison.