India

Court verdict in Satyam case likely today

December 22, 2014 08:16 AM

Days after Satyam founder B Ramalinga Raju was convicted in SFIO cases, a special court in Hyderabad is expected to pronounce its verdict on Tuesday in the multi-crore accounting fraud in the erstwhile Satyam Computer Services Limited (SCSL), capping a nearly six-year trial.

Satyam's former chairman Raju, along with his brother and Satyam's former MD B Rama Raju, its former chief financial officer Vadlamani Srinivas and former director Ram Mynampati were given six months' jail term and fines on December 8, by a Special Court for Economic Offences in connection with complaints filed by Serious Fraud Investigation Office (SFIO).

The court order was subsequently suspended to enable the accused to file appeals.
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