Thursday, January 28, 2010
Pauper : Satyam Raju
Pauper Satyam's Raju declared by US Court. Satyam Computers Chairman Ramalinga Raju and his brother Rama Raju , Satyam's former chief executive officer and Srinivas Vadlamani Satyam's former head of Finance were approved by US court as 'Pauper' status. The court explained that the defendants are unable to pay cost for attorney in the US to defend themselves. Raju was jailed in 2009 for falsifying worth over $1 billion satyam account.The IT company has since been taken over by Tech Mahindra.
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