Ramalinga Raju | |
|---|---|
 | |
| Born | Byrraju Ramalinga Raju 16 September 1954 Bhimavaram, Andhra State (present-day Andhra Pradesh), India |
| Occupation | Businessman YPS22 |
| Known for | Founder and former Chairman of Satyam Computer Services |
| Criminal penalty | Convicted to 7 years prison |
| Spouse |
Nandhini (m. 1976) |
| Children | 2 (Teja Raju, Rama Raju) |
Byrraju Ramalinga Raju (born 16 September 1954) is an Indian businessman. He is the founder of Satyam Computer Services and served as its chairman and CEO from 1987 until 2009. Raju stepped down following his admission to embezzlement from the company to the tune of ₹7,136 crores (approximately US$1.5 billion),[1] including ₹5040 crores (approximately US$1 billion) of non-existent cash and bank balances.[2][3] In 2015, he was convicted of corporate fraud, which led to the collapse of Satyam Computers.[4]
- ^ 1 Billion equals to 100 crores in Indian rupees
- ^ "Satyam's chairman Ramalinga Raju resigns, admits fraud". The Times of India. 7 January 2009. Retrieved 20 October 2013.
- ^ Rs 7,000-crore fraud. The Hindu Business Line. Retrieved on 27 December 2013.
- ^ "India Satyam Computers: B Ramalinga Raju jailed for fraud". BBC News. 9 April 2015. Retrieved 1 September 2024.