A special court in Hyderabad on Thursday has declared Satyam founder B. Ramalinga Raju, along with nine others convicted in multi-crore accounting fraud case, as guilty.
Further details are awaited.
A Hyderabad court had sent Raju and his brother Rama Raju to six months in jail, and had also imposed a fine of Rs.5 lakh on each of them in connection with the massive corporate fraud case in November last year.
The Supreme Court had later granted bail to the two accused.
The charges against Raju, who was arrested in January 2009 for one of India's biggest corporate scams worth more than Rs.7000 crores, include criminal conspiracy, breach of trust, cheating and forgery.
The Andhra Pradesh Police had arrested Raju and his brother Rama Raju on January 9, 2010. Nine other accused, including top company officials and auditors, were also arrested in the case.
