Satyam Verdict - Penalty For Ramalinga Raju Justified In Satyam Scam?

2015-04-13 40

Life comes a full circle for one of Satyam Computers’ founder Ramalinga Raju. A special CBI court in Hyderabad sentenced him to 7 years in jail and a fine of 5 crore rupees. And all this 6 years after he admitted to his role in the Satyam scam. The court has also punished 9 others involved in the corporate fraud - including 2 Pricewaterhouse auditors. ET NOW asks a pertinent question - looking at the magnitude of the fraud, is the penalty & sentence proportionally lower? Supreme Court Advocate Harish Salve chats with ET NOW’s Sandeep Gurumurthi & Supriya Shrinate to help us understand the legal aspect of this sentence.