Satyam case: Ramalinga Raju to know his fate on April 9
March 09, 2015  10:52
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A special court postponed its verdict in the multi-billion dollar Satyam fraud case to April 9. The six-year-old case rattled the corporate world after its founder and former chairman Ramalinga Raju on January 7, 2009, confessed to manipulating Satyam's account books and inflating profits over many years to the tune of Rs.7,136 crore. The Central Bureau of Investigation probing the case said that the fraud was much bigger and alleged that the scam caused a loss of Rs. 14,000 crore to shareholders of Satyam.
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