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Satyam Case Timeline of Events

Satyam Case Timeline of Events
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Satyam Case Timeline of Events The Satyam Computer Services incident rocked corporate India in 2009 with its unwanted limelight when its chairman and founding member Ramalinga Raju resigned and confessed the fraud of accounts of $ 1.47 billion.

The Satyam Computer Services incident rocked corporate India in 2009 with its unwanted limelight when its chairman and founding member Ramalinga Raju resigned and confessed the fraud of accounts of $ 1.47 billion.

Timeline of Events -

DEC, 2008: World Bank bars Satyam for 8 years.

6 JAN, 2009: Satyam letter from Mr. Ramalinga Raju to its board directors admitting fraud.

9 JAN, 2009: Satyam’s Raju brothers arrested; 5 IPC sections slapped.

23 JAN, 2009: Satyam scam: CID arrests 2 PwC auditors.

6 APRIL, 2009: CBI files chargesheet against Satyam founder Raju and 8 others.

18 AUGUST, 2010: Satyam chief Ramalinga Raju granted bail.

29 OCT, 2011: SC issues notices to Satyam fraud accused to cancel bail.

23 NOV, 2011: SEBI to question Ramalinga Raju in Satyam fraud case.

17 SEPT, 2013: US court orders fresh proceedings into claims against Satyam.

4 APRIL, 2014: Raju appears in court on money-laundering charges.

16 JULY, 2014: Sebi bans Satyam's Ramalinga Raju for 14 years from market; asks for Rs 1849 crore.

8 DEC, 2014: Satyam Founder B Ramalinga Raju Gets Six Months in Jail in Corporate Fraud Case.

9 APRIL, 2015: 23rd Additional Chief Metropolitan Magistrate Court setences Raju and all the ten accused for 7 Years in Jail.

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