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Satyam scam trials to begin in 3-4 weeks: Report

Satyam scam trials to begin in 3-4 weeks: Report
New Delhi, Nov 27: A court here will begin trials for the multi-billion fraud at Satyam Computer Services in three to four weeks, a newspaper report said on Friday, Nov 27.

According to Mint Newspaper report, a designated CBI court had scheduled the hearing on framing of charges against Raju and nine others accused in the case on Dec 9.

The accounting fraud in Satyam Computers came to light on Jan 7 when Raju quit as Satyam chairman while confessing that he had cooked the company's accounts and inflated profits over several years.

On Thursday, Nov 27, the Central Bureau of Investigation official said the accounting scam is to the tune of Rs 14,000 crore and not Rs 7,800 crore.

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Satyam earns revenue of Rs 1830 crore in Q1

Hyderabad, July 20: Satyam computers, a leading global consulting and IT service company, has earned revenue of Rs 1,830 crore, an increase of 26.8 percent and a sequential increase of 2.9 percent, for the first quarter of the financial year 2007-08. While announcing the results of the company for the quarter ended June 30, this year, Satyam Computers Founder and Chairman B Ramalinga Raju said the company's net profit after tax was Rs 378 crore,.....
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