Satyam’s Raju brothers get 7 years in jail for fraud

Satyam scandal prime accused B Ramalinga Raju, once the poster boy of the ITeS industry, and his brother B Rama Raju were sentenced Thursday to seven years rigorous imprisonment and fined Rs 5.5 crore each after they were convicted by a special court in the Rs 7,800-crore accounting fraud that shook the country six years ago. Raju’s youngest brother Suryanarayana Raju, Satyam’s chief auditor V Prabhakar Gupta, former chief financial officer Vadlamani Srinivas, former PricewaterhouseCoopers auditors S Gopalakrishna and T Srinivas, former Satyam accounts and auditors G Ramakrishna, D Venkatpathi Raju and C Srisailam, have also been sentenced to 7 years in jail. They were all fined Rs 25 lakhs each.   Indian Express