Raju, the kingpin of the scam, and nine other convicts had filed the appeals and applications in the MSJ court challenging their conviction, besides sentences and fines imposed in the over Rs 7,000-crore scandal.
The Hyderabad Special Court probing the Satyam Computer Services accounting fraud today sentenced the company‘s founder B Ramalinga Raju to a seven-year jail term while holding him guilty of cheating, forgery and criminal breach of trust.
The case which rocked India Inc and led to a massive upheaval in the software and Information Technology Enabled Service (ITES) industry in the country was investigated by the Central Bureau of Investigation.
On October 30, Special judge BVLN Chakravarthi, of the Special Court trying the case, (probed by the Central Bureau of Investigation) pertaining to the multi-crore rupee scam in SCSL, fixed December 23 for pronouncement of the much-awaited judgement.
The court hearing the Satyam scam case is likely to complete examination of CBI officials in a week's time. CNBC-TV18's Appaji Reddem reports that a judgment can be expected anytime within the next three months.