Criminal conspiracy, forgery, cheating gets Raju 7-yr jail term

April 09, 2015 14:42

Charges against Raju and others include criminal conspiracy and forgery of valuable security carrying minimum punishment of 10 years imprisonment and maximum of life sentence.

While the accounting fraud was to the tune of Rs 7,000 crore, it had caused an estimated notional loss of Rs 14,000crore to investors and unlawful gains of Rs 1900 crore to Raju and others.

Ramalinga Raju and his brother and Satyam's former Managing Director B Rama Raju were also found guilty undersection 409 of IPC relating to criminal breach of trust.

It has taken seven years for Raju to be convicted to a crime he has confessed to.

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