Jan 15, 2016 in 2009, satyam computer servicess chairman ramalinga raju has confessed that the companys book of accounts has been falsified and he had manipulated the accounts by rs 14262 crore usd 1. The double life of ramalinga raju by kingshuk nag overdrive. Ramalinga raju and nine others, two of them family members, were sentenced to seven. Byrraju ramalinga raju born 16 september 1954 is the former chairman and ceo of satyam. Ramalinga raju sentenced to 7 years in jail, fined rs 5 crore it was feared at that time that a worldwide bug would crash computer systems across the. In 2009, satyam computer servicess chairman ramalinga raju has confessed that the companys book of accounts has been falsified and he had manipulated the accounts by rs 14262 crore usd 1. The story of indias biggest corporate fraud book online at best prices in india on.
Andhra loyola college, ohio university born september 16, 1954 is the chairman of satyam computers. Read expert opinions, top news, insights and trends on the economic times. The book also narrates about ramalinga raju lineage, his socio economic impact, how he was treated by his community and his brilliant equation with politicians. Jan 10, 2009 ramalinga raju like narayana murthy was an icon of middle class entrepreneurs in india, and when an icon like raju crashes suddenly in front of world, a lot of hopes aspirations and values also seem to crash all around us, and one cant help questioning the very basic principles that govern us. He had hired dsp merill lynch to look at other options once the maytassatyam merger plan flopped. Nalo nenu a book by ramalinga raju friday, july 15, 2011. This includes the founder and the chairman of the company b ramalinga raju. Satyams raju makes a comeback in hyderabad while the satyam scam prised open the dark underbelly of corporate governance, the buck didnt stop with the family of b ramalinga raju, the brain behind the scam. Author seems to repeat same thing many places in book and story is one dimensional from the media perspective. Ramalinga raju, skimmed huge amounts of cash from the company, rather than padding its books as he has claimed, a person involved in the. Jan 18, 2009 new delhi the founder of satyam computer services, b. Expecting too much too soon, byrraju ramalinga raju is under tremendous inner tension and are too stubborn to compromise. Ramalinga raju project gutenberg selfpublishing ebooks. Cbi vs ramalinga raju and eight other accused is a classic criminal case.
Com from andhra loyola college at vijayawada and subsequently did his mba from ohio university, usa. Mar 12, 2018 finally, the truth about satyam aarati krishnan updated on march 12, 2018 published on july 18, 2014 qed b ramalinga raju and his team at satyam found a simple way of fudging big time pv sivakumar. This book adds to your ambiguity about the real character of raju. But it seems the family is now turning a new leaf, with the launch of a new company. That was a mistake from raju s point of view because. Byrraju ramalinga raju was one of the poster boys of indias information technology it industry and the company he built, satyam computer services ltd, was a fabled entrepreneurial. On january 7, ramalinga raju confessed to his monumental fraud. It had to be a secret, of course, because of his ambiguous legal position. For the family of ramalinga raju, the last few years have been tough to say the least. Nov 20, 2009 on january 7, ramalinga raju confessed to his monumental fraud. Ramalinga raju confesses he was cooking books for 7 years the. Jan 08, 2019 ten years ago today, byrraju ramalinga raju, as the chairman of satyam computer services, wrote that fateful letter to his board members admitting that the books of the company had been cooked. Rajus anthology consists of 56 prose poems in telugu touching upon all facets of.
Ramalinga raju is a former founderchairman of satyam computer services which he founded in 1987 and chaired till january 7, 2009. Ramalinga raju sentenced to 7 years in jail, fined rs 5 crore six years after the biggest accounting fraud shook the corporate world in india, satyam chief b ramalinga raju was on thursday sentenced to 7 years in jail and was fined rs 5 crore by a special court in hyderabad. Raju earned a masters degree in business from ohio university, then returned to india and cofounded satyam translated as truth in sanskrit in 1987 with one of his two younger brothers. Extremely nervous, byrraju ramalinga raju scatter byrraju ramalinga raju s energies by doing too many things at once and rarely complete. Et eum sumo ocurreret, eos ei saepe oratio omittantur, legere eligendi partiendo pro te. But, for more than a year after that, hyderabads bestkept secret was that ramalinga raju was back in business. Aug 20, 2015 for the family of ramalinga raju, the last few years have been tough to say the least.
Allu began his film career in 1953 with puttillu and his last film jai was in the year before his death. The poetic side of ramalinga raju business standard news. Raju brothers sentenced to 7 years in jail, fined rs. His brother rama raju, who used to be his managing director at satyam computers, is one number ahead at. Ramalinga raju appears to have been cooking satyam books for longer than investigators have suspected. Ramalinga raju is now convict number 4148 in the manasarovar block in the cherlapally jail. The story of indias biggest corporate fraud ebook written by kingshuk nag. It is among the top india it vendors with over a billion dollar revenue that was established by ramalinga raju in satyam group.
To the board of directors satyam computers services ltd. Ramalinga raju is one of the pioneers of the information technology industry in india. All that changed when satyam was awarded a contract to establish it architecture at the world bank. By 2009 it was indias fourth largest information technology company with 53,000 employees, operating in 66 countries. The clout of ramalinga raju news archive news,the indian. The story of indias biggest corporate fraud online.
He was awarded the padma shri in 1990 by the government of. Finally, the truth about satyam the hindu businessline. In the late 1990s, satyam computer services satyam was a relatively unknown, familyowned information technology it company located in hyderabad, india. Raju was soon arrested and put in the chanchalguda prison. Join facebook to connect with ramalinga raju and others you may know. Lorem ipsum dolor sit amet, ut virtute fabellas vix, no pri falli eloquentiam adversarium. To sum up, the book is highly recommended if you dont have much idea about the events. Nov 26, 2017 ramalinga raju s plans went into a tailspin. Byrraju ramalinga raju born 16 september 1954 is the former chairman and ceo of satyam computer services, from 1987 until 7 january 2009.
Download for offline reading, highlight, bookmark or take notes while you read the double life of ramalinga raju. Ramalinga raju was charged with several offences, including criminal conspiracy, breach of trust, and forgery. He had, raju said in a letter to the stock exchanges, cooked satyams books for seven long years revenue, profit, bank balance et al. A special court in hyderabad found all the ten accused in the satyam scam guilty of cheating, forgery, destruction of evidence and criminal breach of trust. Byrraju ramalinga raju, his brother and eight others were found guilty of manipulating satyams books in a 2009 case that shook the industry and raised questions about the countrys regulators. Ramalinga raju, 9 others get bail, sentence suspended. The satyam saga by kiran karnik meet your next favorite book. Download it once and read it on your kindle device, pc, phones or tablets. The book was published by emesco books in june 2011. Byrraju ramalinga raju who is byrraju ramalinga raju. Ramalinga raju born september 16, 1954, indian chairman. Allu ramalingaiah 1 october 1922 30 july 2004 was an indian telugu comic actor from palakol who appeared in over tollywood films.
Investigation revealed that such fictitious fdrs and fictitious interest were also recorded in the book of satyam during the years from 2003 till 2008. He is the founder and chairman of satyam computer services ltd. Ramalinga raju in the year of 1987 established a company named satyam enterprise, with 20 salary accounts. The casewhich was called the enron of india, after the book cooking scam in the u. Read more about the poetic side of ramalinga raju on business standard. And, i continued penning other poems in three to four phases in the last 35 years says raju. Ramalinga raju was born on september 16, 1954 in a family of farmers. My tryst with poetry began when i was 20 years old.
This book explains all the possible events related to the satyam scam. You will really connect well to the events in the book if you worked at satyam earlier. This additional information further made the book readable to different class of readers. Use features like bookmarks, note taking and highlighting while reading the double life of ramalinga raju. It provided a variety of services including computer systems, customer services, as well as the outsourcing of accounting and finance. The court pronounced a seven yearjail term for the founder and also imposed a rs 5 crore fine on raju. Ramalinga raju may have lost his it honcho tag for good, but his career as a business wizard is clearly far from over. At that time, without knowing that satyams books were cooked up for the past 8 years, they thought raju was using the satyam name to fund what was seen now as a family project. Ten years ago today, byrraju ramalinga raju, as the chairman of satyam computer services, wrote that fateful letter to his board members admitting that.
Harpercollins publishers india the double life of ramalinga raju. The story of the rise and fall of ramalinga raju, promoter of th. The double life of ramalinga raju harpercollinspublishers india. The story of indias biggest corporate fraud kindle edition by nag, kingshuk. Ramalinga raju sentenced to 7 years in jail, fined rs 5 crore they shall also pay one tenth of fine amount within four weeks from the date of release on bail before the primary court. A great quote to cap a sad story for satyams ramalinga raju, who resigned as chairman today following the recent issues regarding satyams financial irregularities, indias itbpo services industry finds itself under increased financial scrutiny from wall st analysts and corporate clients. People who worked with raju say it was probably his interest in promoting maytas as a family company that cost him satyam. Ramalinga raju chairman, satyam computer servcies ltd dear board members, it is with deep regret, and tremendous burden that i am carrying on my conscience, that i would like to bring the following facts to your notice. Oct 21, 2009 buy the double life of ramalinga raju. The judge said the execution of substantive and default sentence is suspended for raju and his brother and then managing director of satyam, b rama raju, on furnishing of personal bonds of rs 1 lakh each and two sureties of the like sum.
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