HYDERABAD: All 10 accused, including B Ramalinga Raju, in the
multi-crore accounting fraud Satyam case were found guilty on Thursday
by a special court in Hyderabad.
The quantum of sentence would be pronounced on Friday.
During the last hearing on March 9, special judge BVLN Chakravarthi said, "On April 9, the judgment will be pronounced. I am making it very clear. April 9 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 January 7, 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.
The quantum of sentence would be pronounced on Friday.
During the last hearing on March 9, special judge BVLN Chakravarthi said, "On April 9, the judgment will be pronounced. I am making it very clear. April 9 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 January 7, 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.