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Court Finds Satyam Founder Guilty In Fraud Case

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A court on Thursday held the founder of Satyam Computer Services, which was once one of India's biggest IT outsourcing companies, guilty in the country's biggest corporate accounting fraud.
 
Satyam shocked investors in 2009 when its founder and former Chairman Ramalinga Raju said the company's profits had been overstated for years and assets falsified in a fraud allegedly worth over $1.5 billion.
 
All 10 accused including, Raju, were found guilty by a special court in Hyderabad.
 
The ten accused in the case include ex-CFO Vadlamani Srinivas, former PwC auditors Subramani Gopalakrishnan and T. Srinivas, Raju's another brother B Suryanarayana Raju, former employees G. Ramakrishna, D. Venkatpathi Raju and Ch Srisailam, and Satyam's former internal chief auditor V.S. Prabhakar Gupta.