Bad Boy Billionaires | Hyderabad Civil Court restrains release of Netflix film on plea by B Ramalinga Raju

The Hyderabad civil court on September 1 restrained Netflix from releasing Bad Boy Billionaires which was set for September 2 release, as a petition requesting the same was filed by B Ramalinga Raju who was convicted in the Satyam Scandal.

The Netflix documentary based on four Indian billionaires - Vijay Mallya, Subrata Roy, Nirav Modi and Ramalinga Raju, is described as an "investigative docuseries" that "explores the greed, fraud and corruption that built up - and ultimately brought down - India's most infamous tycoons".

As per a report by The News Minute, Ramalinga Raju filed a stay order to saying that it would invade his privacy in an unlawful manner and also claimed that the narrative contained half-truth which was designed to bring down his reputation.

What was the Satyam scam all about?

Over Rs 7,000 crore Satyam scam came to light in January 7, 2009 when Ramalinga Raju confessed that the company's account books and profits were inflated over many years to the tune of several crores of rupees.

He was arrested two days later based on a complaint filed by some shareholders. The CBI had filed three chargesheets against Raju and the other accused, charging them with cheating, criminal conspiracy, forgery, falsification of accounts, and breach of trust.

A court in Bihar restrained Netflix from using Sahara India Chairman Subrata Roy's name in the web series, after which Netflix moved the Supreme Court against the order.