| Name(s) |
Byrraju RAMALINGA
RAJU |
| Date of
Birth |
September 16, 1954 |
|
Identity |
Founder and
Chairman of Satyam Computer Services Ltd. |
|
Date-wise Events / Works |
- 1987: He founded Satyam
Computer Services along with one of his brothers-in-law, DVS
Raju.
- 1992: Satyam Computers went
public.
- 1999: Chosen as Ernst &
Young Entrepreneur of the Year for Services in 1999.
- January 2009: Raju indicated
that Satyam's accounts had been falsified over a number of
years. Total assets on Satyam's balance sheet trebled during
2003-07 to $2.2 billion.
- January 07, 2009: He confessed
to an accounting fraud to the tune of ₹7,000 crore or $1.5
billion and resigned from the Satyam board on this day.
- April 2009: Satyam was purchased
by Tech Mahindra and renamed Mahindra Satyam. Raju and his
brother, B Rama Raju, were then arrested on charges of
breach of trust, conspiracy, cheating, falsification of
records.
- September 2009: Raju was
hospitalized following a minor heart attack and underwent
angioplasty. He was granted conditional bail.
- October 26, 2010: The bail
was revoked by the Supreme Court of India and he had been
ordered to surrender himself.
- November 08, 2010: He
surrendered on this day.
- November 04, 2011: The Supreme
Court granted bail to Raju since the Central Bureau of
Investigation (CBI) failed to file charges on time.
- October 28, 2013: The Enforcement
directorate filed a chargesheet against Raju and 212 others.
- April 09, 2015: Raju and
his brothers were sentenced to 7 years in jail, besides
being fined Rs. 5.5 crore.
|
|
Other Events &
Developments |
- He is one of the pioneers of the Information Technology
industry in India.
- He is the founder and Chairman of Satyam Computer
Services Ltd.
- He attended the Owner / President course at Harvard.
- With the launch of Satyam Infoway (Sify) Satyam
became one of the first to enter Indian internet service
market.
|
|
