HomeNewsBusinessSatyam scam 10 years on: Where is B Ramalinga Raju now?

Satyam scam 10 years on: Where is B Ramalinga Raju now?

Currently out on bail, Raju continues to use his once celebrated entrepreneurial skills to mentor his sons and oversee family businesses.

January 07, 2019 / 14:52 IST
Story continues below Advertisement
Image: Reuters
Image: Reuters

It's been 10 years since B Ramalinga Raju, former CEO and Chairman of Satyam Computers, first admitted to have inflated the company's revenue to attract investors. The scam sent shockwaves across the corporate sector and led to a series of policy changes in India.

The man behind the collapse of the tech giant is out on bail and is using his once celebrated entrepreneurial skills to mentor his sons and oversee family businesses.

Story continues below Advertisement

Raju stepped down after admitting to embezzlement of financial figures to the tune of Rs 7,136 crore, including Rs 5,040 crore of non-existent cash and bank balances.

"He is as occupied as he was in his heyday when he was heading the fourth-largest software services company in the country," sources close to Raju told Business Standard. Although his public life shrunk significantly after he was convicted of fraud in 2015 by a Hyderabad court, he still meets people close to his family and business regularly at his Hyderabad home.