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Indian court convicts former chief of Satyam

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Published Thu, Apr 9, 2015 · 09:50 PM

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    Hyderabad

    AN Indian court on Thursday convicted the former chief of outsourcing giant Satyam and his aides over a US$2.25 billion accounting fraud scandal dubbed "India's Enron", the prosecutor said.

    Byrraju Ramalinga Raju, his brother and eight others were found guilty of manipulating Satyam's books in 2009 during the IT boom in India in a case that shook the industry and raised questions about the country's regulators.

    Fraud

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