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Free Fonts for Commercial Use New & Fresh Fonts Most Popular Fonts Alphabetic Fonts Largest Font Families Trending Fonts Home > Tags > Stylish Hello, you seem to have JavaScript turned off. Major problem with windows 10 builds if you install windows 10 on your computer then install re-loader 2.2 it will work fine when Microsoft comes out with a new build that you get with the Microsoft updates Windows will no longer be activated because Microsoft continues to come out with new builds this needs to be fixed A.S.A.P. Major problem I thought I would let everyone know so people can.
With all the 10 people involved in the multi-crore accounting fraud in the erstwhile Satyam Computer Services Ltd (SCSL) found guilty and sentenced to seven year in jail by a special Central Bureau of Investigation court in Hyderabad. The court of judge BVLN Chakravarthi also slapped a fine of Rs 5 crore on Raju and his brother and Satyam's former Managing Director B Rama Raju, who will also serve a seven-year jail term. The 10 people named in the case are B Ramalinga Raju, who was the founder-chairman of the company, his brother and Satyam's former Managing Director B Rama Raju, former chief financial officer Vadlamani Srinivas, former PwC auditors Subramani Gopalakrishnan and T Srinivas, Raju's another brother B Suryanarayana Raju, former employees G Ramakrishna, D Venkatpathi Raju and Ch Srisailam and Satyam's former internal chief auditor VS Prabhakar Gupta. B Ramalinga Raju, one of the pioneers in the industry and Satyam's founder and then chairman, allegedly confessed to manipulating his company's account books and inflating profits over many years to the tune of crores of rupees. The confession sent shockwaves across the industry. He was arrested by Andhra Pradesh Police's Crime Investigation Department along with his brother Rama Raju and others on January 11. All the 10 accused in the case are currently out on bail.
Around 3,000 documents were marked and 226 witnesses examined during the trial that began nearly six years ago. Satyam scam untangled. 2009: Satyam reports 24% profits vs real profits of 3% - Damages calculated at Rs 7900 cr Satyam scam probe: - Concurrent probe by CBI, ED, SEBI - 53,000 employees, millions of investors impacted - Accused charged with cheating, forgery, faking accounts and IT violations - Raju's Defence: Letter allegedly sent by him to board was a hoax - 3000 documents, 223 witnesses examined - Verdict postponed twice The timeline: January 7, 2009: Ramalinga Raju resigns, discloses a Rs 7000-crore accounting fraud in balance sheets about cash which never existed in the company. January 8, 2009: Satyam's bank Citibank freezes its 30 accounts. Interim CEO Ram Mynampati says company in severe cash crunch and may not be able to pay salaries. Satyam's auditor PwC faces ire. January 9, 2009: Ramalinga Raju and his younger brother B Rama Raju arrested by Police.
Central Govt disbands Satyam board, to appoint its own 10 directors. Jan 9, 2009: Satyam removed from Sensex, Nifty; NSE excludes F&O contracts on expiry of Jan contract. Jan 10, 2009: Satyam former CFO Srinivas Vadlamani arrested. Jan 11, 2009: Government appoints Deepak Parekh, Kiran Karnik and C Achuthan to Satyam board.
February 2009: CBI takes over investigation, goes on to file 3 chargesheets Mar 6, 2009: Gets SEBI nod for bidding process to select investor April 22, 2009: Tech Mahindra makes open offer to Satyam shareholders at Rs 58/share, offer to close Jun 9. June 22, 2009: Mahindra unveils new brand identity for Satyam, Mahindra Satyam.
2010: Raju retracts confession statement, says charges levelled by CBI are false November 2, 2011: Supreme Court grants bail to Raju since CBI failed to file chargesheet on time. October 28, 2013: Enforcement Directorate filed a chargesheet against Raju and 212 others.