The nine Raju men convicted

Written By kom nampultig on Minggu, 12 April 2015 | 08.20


Vadlamani Srinivas: Chief financial officer, Satyam

He worked closely with the brothers in inflating company's books. Srinivas quit soon after scam came to light, blamed firm's external auditors — PricewaterhouseCoopers — along with Ramalinga, for perpetrating the fraud. Rumours said he attempted suicide. His statement kept him out of trouble for a while, but the law soon caught up with him. Arrested on charges of cheating, he was granted bail along with the brothers.


Prabhakar Gupta: Global head, Satyam's internal audit team

He failed to brief audit panel of irregularities in company's books. CBI said Gupta connived with the Rajus by not raising an alarm over accounts being inflated. He did not stand up to the Rajus when they denied access of software highlighting irregularities for an independent audit. He is banned for life by ICAI.


B Rama Raju, brother: MD, Satyam Computers

This younger sibling, together with Raju Sr, was at the forefront of the financial fraud and even "hid the deception from the company's board, senior managers and auditors", said the probe. A primary accused, he was arrested soon after scam came to light. He got bail in October, 2012.


S Gopalakrishnan and Srinivas Talluri: Former senior partners of PWC (India)

The firm that audited Satyam between 2001 and 2008. The duo was charged with colluding with Satyam founder. The US Securities and Exchange Commission penalized PwCIndia, accused it of not following basic audit procedures. Firm was asked to cough up $7.5 million in fine. The two were banned for life by Institute of Chartered Accountants of India. Their special leave petitions filed in apex court were also dismissed.


Suryanarayana Raju (3rd from top), brother: Chief, SRSR Holdings Private Ltd

His firm laundered assets of crime's proceeds. He managed to stay out of jail and even after his arrest, quickly secured bail. He has been trying to restart his family's realty business.


G Ramakrishna, VP, Finance, Venkatapathi Raju, CH Srisailam, Finance managers

They are ex-employees of Satyam Computers who helped create false invoices to hoodwink stakeholders.

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