Satyam Fraud case: Raju gets 7 years in jail, slapped Rs 5 cr fine
New Delhi : PUNISHMENT
Satyam Fradu case trial came to an end after the court announced 7 years in jail verdict for Raju and also a fine of Rs 5 crore
The case that included more that Rs 7000 cr in scam came to an end after special CBI court pronounced its verdict
Other eight also received an identical punishment of 7 years in jail and Rs25 Lakh as fine
He can challenge this decision in the session court, High Court and also Supreme Court
HIS CHANCES TO COME OUT CLEAR
It is very unlikely that he can move free from his case as he had earlier accepted his involvement in the case. Court will also look forward to send a strong message to entrepreneurs who believes in doing a fraud to earn some quick money.
TIME HE WILL SPEND BEHIND BARS
Raju has already spent around 30 months behind the bars and if the decision prevails he will end up staying four and a half year in prison.
WHO IS RAJU RAMALINGAM?
B Ramalinga Raju was a poster boy of the Indian IT industry who rose to fame with a solution for the highly-feared Y2K crisis at the turn of 20th century for the entire world. But after his acceptance to crime his is now a poster boy to learn lessons for many.