Multi-Crore Satyam Fraud Case Hearing Postponed Toll April 09

09 March, Hyderabad

A special court in Hyderabad today postponed its verdict till April 9 in the multi-crore Satyam fraud case.

Ramalinga Raju and nine others were accused in the six-year old case probed by The CBI. Raju confessed that Satyam Accounts were manipulated to the tune of over 7 thousand crore rupees in January 2009.

The Central Bureau of Investigation said that the fraud was much bigger and alleged that the scam caused a loss of Rs 14,000 crore to shareholders of Satyam.