Just in: Seven-year jail term for Satyam chief Ramalinga Raju.  Six years after the biggest accounting fraud shook the corporate world in India, Satyam chief B Ramalinga Raju and nine others were on Thursday found guilty by a special court on charges of criminal conspiracy and cheating in the Rs 7,000 crore (Rs 70 billion) scam.

Raju and former employee G Ramakrishna were also found guilty under section 201 (causing disappearance of evidence of offence) of IPC by Special Judge BVLN Chakravarthi, in the case probed by CBI.

Except Raju's another brother B Suryanarayana Raju and former internal chief auditor V S Prabhakar Gupta, all the others eight accused were found guilty under IPC sections 467, 468, 471 and 477A, relating to forgery of security, forgery for purpose of cheating and falsification of accounts, according to V Chandrashekhar, Superintendent of Police, CBI Hyderabad Zone.