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India's Satyam founder sentenced to seven years in jail in fraud case

2015-04-13 16:39:25| IT Services - Topix.net

The founder of Satyam Computer Services, once India's fourth-largest software services firm, was sentenced to seven years in prison after being found guilty in an accounting fraud case that ranks as the country's biggest. A court in the southern Indian city of Hyderabad, where Satyam was based, on Thursday pronounced Ramalinga Raju, a management graduate from Ohio University who founded Satyam in 1987, guilty of forging documents and falsifying accounts.

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