Satyam Fraud

SAT said, only the auditors watchdog ICAI can take any action against its members and fraud cannot be proved on the basis of negligence in auditing.

Ready to list L&T's "second baby" in the stock market with an IPO of its Infotech division, the group's executive chairman, A M Naik, has said it was nothing but "bad luck" that it could not acquire the erstwhile Satyam Computer despite being early to accumulate the shares.

The Metropolitan Sessions Court, on May 11, suspended seven-year rigorous imprisonment awarded to Raju and others in the Satyam case, known as one of the biggest corporate frauds in India.

A metropolitan sessions judge on Monday suspended seven-year rigorous imprisonment sentence awarded to Raju and others in the Satyam case, known as one of the biggest corporate frauds in India.

The court on Friday had deferred its order to Monday, on an application filed by Mr Raju and nine others, seeking suspension of their sentence and fines imposed on them in the multi-crore rupee accounting fraud.

Satyam, which in Sanskrit means "truth", was sold the same year to the smaller rival Tech Mahindra Ltd in an auction.

The countdown to Satyam founder Byrraju Ramalinga Raju's explosive confession letter, dated January 7, 2009, can be traced to the failed acquisition attempt of two related companies nearly a month ago.

Satyam founder B Ramalinga Raju and nine others have been found guilty in a multi-crore accounting fraud by a special CBI court.

A special court here trying the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL) today said it will pronounce its judgement in the CBI-probed case on April 9.

A special court is, today, slated to pronounce in Hyderabad the much-awaited judgement in the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL).

A Special Court in Hyderabad is expected to pronounce its verdict in the multi-crore accounting fraud at the Satyam Computer Services on Tuesday. The case, filed by the CBI, is being heard by special court judge BVLN Chakravarthi.

Days after Satyam founder B Ramalinga Raju was convicted in Serious Fraud Investigation Office (SFIO) cases, a special court here 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.

Days after Satyam founder B Ramalinga Raju was convicted in SFIO cases, a special court here 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.

A local court today convicted Satyam founder B Ramalinga Raju, accused of one of the most sensational corporate frauds in the country, and other accused in connection with complaints filed by Serious Fraud Investigation Office (SFIO).

Another case regarding the CBI or Central Bureau of Investigation probe in Satyam scam is pending for judgement on December 23.

SAT said, only the auditors watchdog ICAI can take any action against its members and fraud cannot be proved on the basis of negligence in auditing.

Ready to list L&T's "second baby" in the stock market with an IPO of its Infotech division, the group's executive chairman, A M Naik, has said it was nothing but "bad luck" that it could not acquire the erstwhile Satyam Computer despite being early to accumulate the shares.

The Metropolitan Sessions Court, on May 11, suspended seven-year rigorous imprisonment awarded to Raju and others in the Satyam case, known as one of the biggest corporate frauds in India.

A metropolitan sessions judge on Monday suspended seven-year rigorous imprisonment sentence awarded to Raju and others in the Satyam case, known as one of the biggest corporate frauds in India.

The court on Friday had deferred its order to Monday, on an application filed by Mr Raju and nine others, seeking suspension of their sentence and fines imposed on them in the multi-crore rupee accounting fraud.

Satyam, which in Sanskrit means "truth", was sold the same year to the smaller rival Tech Mahindra Ltd in an auction.

The countdown to Satyam founder Byrraju Ramalinga Raju's explosive confession letter, dated January 7, 2009, can be traced to the failed acquisition attempt of two related companies nearly a month ago.

Satyam founder B Ramalinga Raju and nine others have been found guilty in a multi-crore accounting fraud by a special CBI court.

A special court here trying the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL) today said it will pronounce its judgement in the CBI-probed case on April 9.

A special court is, today, slated to pronounce in Hyderabad the much-awaited judgement in the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL).

A Special Court in Hyderabad is expected to pronounce its verdict in the multi-crore accounting fraud at the Satyam Computer Services on Tuesday. The case, filed by the CBI, is being heard by special court judge BVLN Chakravarthi.

Days after Satyam founder B Ramalinga Raju was convicted in Serious Fraud Investigation Office (SFIO) cases, a special court here 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.

Days after Satyam founder B Ramalinga Raju was convicted in SFIO cases, a special court here 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.

A local court today convicted Satyam founder B Ramalinga Raju, accused of one of the most sensational corporate frauds in the country, and other accused in connection with complaints filed by Serious Fraud Investigation Office (SFIO).

Another case regarding the CBI or Central Bureau of Investigation probe in Satyam scam is pending for judgement on December 23.