Like most successful Indian businessmen, Raju carefully cultivated relationships with politicians and was close to both Naidu of the Telugu Desam Party and the late Y. Rajasekhara Reddy of the Congress, bitter foes of each other. When the scam became public, friends in both the business and political communities distanced themselves from Raju.
Nasscom removed his name from its list of past chairpersons. In the aftermath of his confession, solidarity meetings were held and prayer ceremonies conducted in different parts of the state. In a few villages in coastal Andhra Pradesh, Raju is still a hero for the philanthropic work he undertook during his glory years.
Raju had set up the Byrraju Foundation in July to work in healthcare, sanitation, environment, primary education, adult literacy and skills development in villages.
He also pioneered the setting up of village call centres to boost rural economies. A picture of Raju with former president A. Abdul Kalam , who was the chairman emeritus of an ambulance service the foundation started, is displayed on the website of the foundation.
The ambulance service, Emergency Management Research Institute, or the ambulance service, was modelled on the lines of the emergency response system in the US. Surprisingly for a lover of science fiction authors Isaac Asimov and Arthur C. ET NOW. Brand Solutions. Video series featuring innovators. ET Financial Inclusion Summit. Malaria Mukt Bharat. Wealth Wise Series How they can help in wealth creation. Honouring Exemplary Boards.
Deep Dive Into Cryptocurrency. ET Markets Conclave — Cryptocurrency. Reshape Tomorrow Tomorrow is different. Let's reshape it today. Corning Gorilla Glass TougherTogether. ET India Inc. ET Engage. ET Secure IT. View: The whole concept of CSR needs rethinking Allocating some profits to green, rural or other social causes is no indicator of responsibility or ethics. Ready for a new chapter in its journey, once scam-hit and now a totally reformed IT firm on a growth path, Mahindra Satyam has said tax and other cases against it are like penalising the ambulance for picking up victims.
MSatyam is mulling options for initiating proceedings against insurers, who have disputed claims on policy taken by the co under Raju. IT firm Mahindra Satyam on Thursday said it plans to hire about 18, people during this fiscal.
Mahindra Satyam's Chief Marketing Officer Hari Thalapalli said the single most driver for them is the story of resurrection and rebuilding the company's past. Scam-tainted Satyam Computer founder B Ramalinga Raju has approached the Supreme Court seeking a review of its order cancelling the bail granted to him by the Andhra Pradesh High Court in the multi-crore rupee accounting fraud. HDFC Bank's Begumpet branch manager Ch Srinivas on Wednesday told the trial court trying Satyam scam case that the prime accused B Ramalinga Raju and his family members maintained accounts pertaining to several real estate companies run by them.
B Ramalinga Raju, the prime accused in the Satyam multi-crore accounting scam, is likely to surrender before a local court on November 10, the deadline set for him by the Supreme Court after it cancelled his bail.
B Ramalinga Raju, the tainted founder of Satyam Computer, today made a dramatic appearance before a local court. All 10 accused in the Satyam case have been given bails from various courts on different occasions. The examination of B Ramalinga Raju and nine other accused in the multi-crore accounting fraud in the IT firm, was again postponed, as one of the accused moved the High Court seeking reversal of procedures to commence trial.
Have you read these stories? AAI likely to procure two counter-drone systems Updated: Nov 14, , In June this year, rogue drones had dropped two bombs at the Indian Air Force station at Jammu airport, injuring two of its personnel.
The move comes following a Sebi order that barred these entities from accessing the securities market for a period of seven years. The Metropolitan Sessions Court, on May 11, suspended seven-year rigorous imprisonment awarded to Raju and others in the Satyam case, known as one of the biggest corporate frauds in India.
A metropolitan sessions judge on Monday suspended seven-year rigorous imprisonment sentence awarded to Raju and others in the Satyam case, known as one of the biggest corporate frauds in India. The court on Friday had deferred its order to Monday, on an application filed by Mr Raju and nine others, seeking suspension of their sentence and fines imposed on them in the multi-crore rupee accounting fraud.
A local court on Friday deferred to May 11 its order on an application filed by Satyam Computers founder B Ramalinga Raju and nine others, seeking suspension of their sentence and fines imposed on them in the multi-crore rupee accounting fraud. M Laxman, special judge for Economic Offences court-cum- Metropolitan Sessions Judge MSJ court here, heard the arguments and counter arguments today and posted the matter for orders tomorrow.
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