Satyam case: Court order on Ramalinga Raju's appeal for sentence suspension today

May 08, 2015 09:21

A Delhi court would pronounce its order on Friday on appeals filed by Satyam Computers founder B Ramalinga Raju and nine others, seeking suspension of their sentences and the fines imposed on them in the multi-crore accounting fraud in the erstwhile IT firm.

M Laxman, special judge for Economic Offences court-cum- Metropolitan Sessions Judge court in New Delhi, heard the arguments and counter arguments yesterday and posted the matter for orders today.

Raju, the kingpin of the scam, and nine other convicts, currently lodged in Cherlapally Central Prison, had filed the appeals in the MSJ court on Monday, challenging their conviction (sentences and fines imposed) by the Additional Chief Metropolitan Magistrate Court (ACMM) in the over Rs 7,000-crore scandal that came to light in 2009 and enlarging them on bail.

On April 9, the ACMM court, which tried the Satyam corporate fraud case probed by the CBI, sentenced Raju and others to seven years' rigorous imprisonment for criminal conspiracy and cheating, among other offences.

It had also imposed Rs 5.35 crore fine on Raju and his brother Rama Raju while others were fined Rs 25 lakh each.

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