It's been 10 years since B Ramalinga Raju, former CEO and Chairman of Satyam Computers, first admitted to have inflated the company's revenue to attract investors. Rama Raju (Jr.) (Son of Ramalinga Raju) was the shareholder and/ or Director of 22 companies which were floated by Ramalinga Raju, Rama Raju and their family members. Complaint by shareholder led to sentencing in Satyam case. Pakistan Wants To Be Switzerland ...Bangladesh! One of Raju's senior lawyers told … Like a dutiful Indian wife she was unflinching in her support for her husband, Satyam founder B Ramalinga Raju. Diamond Broker falls prey to 'honey tra... Diamond Broker falls prey to 'honey trap' on Instagram, loses Rs 1 crore. B Ramalinga Raju born on 16-9-1954 —– 7 and 8. born on 16th which makes him 7 born and life path as 8, which is the major factor for his downfall and possible arrest. In Photos: Some of the wittiest answers by sexpert Dr Mahinder Watsa. As it turned out, he perpetrated India's largest ever corporate fraud, with striking parallels to the Enron scandal. A two-judge bench of the Telangana High Court will watch an episode of the Netflix Series 'Bad Boy Billionaires' that is based on former Satyam Computers Chairman B Ramalinga Raju. No parallels to real life though — husband Rama Raju, the younger son of Ramalinga Raju (nicknamed Rama Raju Jr) whom she married in 2007 plays … Unfortunately, after the Satyam episode in January 2009, Maytas Properties suffered a collateral loss of credibility with the banks and customers—because of the media hype created, and unfounded questions in the minds of the stakeholders and general public. Three episodes of Bad Boy Billionaires: India sans the Ramalinga Raju episode was released this morning. Ramalinga Raju christened his fledgling IT company 'truth'. Raju was ordered to pay a personal bond of 100,000 rupees ($1,600; £1,000) while the others were asked to pay 50,000 rupees. Problem started after that. 'Enough is Enough': Sanjay Raut warns B... 'Enough is Enough': Sanjay Raut warns BJP leaders on linking his family's name to PMC, HDIL scams. Ramalinga Raju (C), founder and former chairman of fraud-hit Satyam Computers, is escorted from a court in Hyderabad April 9, 2009. My workload increased to a greater ext­ent after the episode. India's Supreme Court cancels the bail of Ramalinga Raju, the founder of software services giant Satyam Computers, accused of staging India's biggest corporate fraud. Explore more on Ramalinga Raju. But he is the son… There’s commotion, stares. Investigators looking into the Satyam case are still struggling to find answers to why Ramalinga Raju did what he did. How Dr Jagannath Dixit became a messiah... How Dr Jagannath Dixit became a messiah for the obese and diabetic in Maharashtra. Satyam scam has villa twist: Ramalinga Raju son’s tenant tells ED to open seal; Satyam scam: Ramalinga Raju challenges court verdict; ICAI says members' involvement in Satyam scam an 'aberration' Satyam scam: CBI to seek longer jail term for Ramalinga Raju Not many years ago, a 'giant killer' of its kind in information technology, the infamous B. Ramalinga Raju - founder of Satyam Computers (now Tech Mahindra) - … Ulhasnagar: 7-year-old UK returnee test... Ulhasnagar: 7-year-old UK returnee tests positive for coronavirus; samples sent to Pune to check for new COVID-19 strain. Similarly, B. Suryanarayana Raju (Brother of Ramalinga Raju) was a shareholder and/ or Director of 103 companies floated by Ramalinga Raju and his family members. Maytas Infra's board of directors include R P Raju (Independent Director), B Teja Raju ( Vice Chairman), PK Madhav (Wholetime Director and CEO) and Chander Sheel Bansal (Wholetime Director). So, ironically, I never had... To read this piece, and more such stories in India's most exciting and exacting magazine, plus get access to our 25-year archives goldmine, please subscribe. Satyam scam kingpin B. Ramalinga Raju and his brother B. Rama Raju were sentenced to seven years' rigorous imprisonment and fined Rs 5.5 crore, as a … B. Ramalinga Raju … B. Rama Raju, the 34-year-old younger son of Satyam founder B. Ramalinga Raju, speaks to Outlook about the SEBI order to ban the Rajus from trading for 14 years. Ramalinga Raju, however, enjoyed playing cards, it was almost a family pastime, but he did not go to the extent of his brother Rama Raju to play a rummy game at Rs. Garry Kasparov says Magnus Carlsen is '... Garry Kasparov says Magnus Carlsen is 'struggling with age' as champ makes final. your username. B. Rama Raju, the 34-year-old younger son of Satyam founder B. Ramalinga Raju, speaks to Outlook about the SEBI order to ban the Rajus from trading for 14 years. Ramalinga Raju the Chairman of Satyam Computers decided to buy out 'Maytas" which is his son"s ailing infrastructure company. New Year's Eve: 35,000 cops to be deplo... New Year's Eve: 35,000 cops to be deployed in Mumbai; parties on boats, terraces prohibited. Copyright © Bennett, Coleman & Co. Ltd. All rights reserved. Ramalinga Raju’s wife Nandini Raju, sons Teja and Rama, and the wives of Ramalinga Raju’s younger brothers were among those convicted for evading paying income tax of … Shirdi Sai temple to remain open throug... Shirdi Sai temple to remain open through the night on December 31. ‘We Can’t Condone Police Action On Any Journalist’, ‘We Have Enough Resources To Provide A Vaccine To Every Citizen’, ‘DATRI Has 4.8 Lakh Donors…Less Than 1% Of India’s Population’. your password Two men step out, Teja Raju and Rama Raju, the children of B. Ramalinga Raju. On the basis of the complaint filed by Leena Mangat, a resident of Secunderabad, the CB-CID had filed an FIR on January 9, 2009 against Ramalinga Raju (Chairman), his brother B Rama Raju (MD) and other directors, auditors and others. Sanjay Raut needs a psychiatrist: Ashis... Sanjay Raut needs a psychiatrist: Ashish Shelar slams Sena MP for the language used in Saamana. Satyam Computer plunged into a deep crisis after B Ramalinga Raju resigned as its Chairman. Google takes away wide-angle astrophoto... Google takes away wide-angle astrophotography from Pixel phones, Hilarious replies from the desk of the Sexpert, Terms of Use and Grievance Redressal Policy. Amazon warehouse in Andheri, Pune vanda... Amazon warehouse in Andheri, Pune vandalised, allegedly by MNS workers. Sign In, OTP has been sent to your mobile and email. In September 1999, when Satyam Computer Services was on a growth curve that promised never to flag, Srini Raju, brother-in-law of B Ramalinga Raju, abruptly quit the company. If you are a existing subscriber ? Welcome! Log into your account. Please enter it below, ‘It’s Nice—Satyam Survived, Jobs Were Preserved’. With Ramalinga Raju behind bars, the focus is now on elder son B Teja Raju, who industry senior think may not be able to deliver at Maytas. He says Sandhya Raju, who is the daughter of P. R. Venketrama Raja, the Ramco vice chairman and managing director (she is also Ramalinga Raju's second son Rama Raju's … For reprint rights:Times Syndication Service. Hyderabad: He was once considered the IT czar and the Bill Gates of Andhra Pradesh, who founded and built Satyam into one of the top IT companies in India. Maharashtra issues SOPs for New Year's ... Maharashtra issues SOPs for New Year's Eve: No stepping out for senior citizens, no firecrackers allowed. Excerpts: It has been over five years since the Satyam investigation started. Ramalinga Raju informed in the letter that he overstated cash and bank balances of Satyam to the tune of Rs 5,040 crore as on 30 September, and that he showed non-existent interest earnings of Rs 376 crore. 5000 per point. According to Maytas Infra's shareholding pattern as on September 2008, Ramalinga Raju's son Teja Raju held 2.53 per cent stake, while the entire promoter group, which includes other members of the Raju family, holds … ED directs Gland Pharma to transfer Ramalinga Raju family's 6 mn shares to escrow account; Netflix releases all episodes of ‘Bad Boy Billionaires’ except B Ramalinga Raju's; Satyam scam has villa twist: Ramalinga Raju son’s tenant tells ED to open seal; SAT sets aside Sebi order barring Satyam's Ramalinga Raju from accessing market capital Find Ramalinga Raju Latest News, Videos & Pictures on Ramalinga Raju and see latest updates, news, information from NDTV.COM. Srini was a partner in Satyam, and had been its Chief Operating Officer since 1992. REUTERS/Krishnendu Halder/Files REUTERS - The founder of Satyam Computer Services(SATY.NS), Ramalinga Raju, who was found guilty in an accounting fraud case and sentenced to seven years' imprisonment last week, has filed an appeal to challenge the … Mumbai's famous sexpert Dr Mahinder Wat... Mumbai's famous sexpert Dr Mahinder Watsa passes away. B. Rama Raju was earlier a promoter of the controversial Maytas Properties. Horoscope today: Astrological predictio... Horoscope today: Astrological predictions for December 29. He even invented debtors who owed 490 crore to Satyam Computers. And on Wednesday, she again showed her unwavering faith by bailing him out. How Ramalinga Raju's wife helped him . How have you found your feet after the debacle? His career was flying, and there seemed to be no logical reason for him to want out. Schools in Mumbai to remain shut till J... 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