Byrraju ramalinga raju biography definition

  • Sandhya raju
  • Satyam computers
  • B rama raju

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    B Ramalinga Raju

  • 2. ParakhiyaVasant

  • 4. ByrrajuRamalingaRaju was born on September 16, in a family of farmers. He did his B. Com from Andhra Loyola College at Vijayawada and subsequently did his MBA from Ohio University, ngaRaju had a stint at Harvard too. He attended the Owner / President course at Harvard.

  • 5. He has two brothers and a sister. Raju is married to Nandini. They have two sons, TejaRaju and Rama Raju, who runs the Hyderabad-based Maytas Properties and Maytas Infra and a daughter, Deepti, who is married.

  • 6. After returning to India in , RamalingaRaju moved away from the traditional agriculture business and set up a spinning and weaving mill named Sri Satyam. Thereafter he shifted to the real estate business and started a construction company called Satyam Constructions. In ,

  • 7. RamalingaRaju founded Satyam Computer Services along with one of his brothers-in-law, DVS Raju. The company went public in With the launch of Satyam Infoway (Sify) Satyam became one of the first to enter Indian internet service market.

  • 8. RamalingaRaju have promoted and have been associated with Satyam for well over twenty years now He have seen it grow from few people to 53, people, with Fortune companies as customers and operations in 66 countries. Satyam has establishe
  • byrraju ramalinga raju biography definition

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    Satyam scandal

    Corporate fraud

    The Satyam Computer Services scandal was India's largest corporate fraud until The founder and directors of India-based outsourcing company Satyam Computer Services, falsified the accounts, inflated the share price, and stole large sums from the company. Much of this was invested in property. The swindle was discovered in late when the Hyderabad property market collapsed, leaving a trail back to Satyam.[1] The scandal was brought to light in when chairman Byrraju Ramalinga Raju confessed that the company's accounts had been falsified.[2]

    History

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    For many years Satyam accounts showed profits that had never existed, cash at the bank that did not exist, which inflated the share price. Raju and friends then sold shares. The accounts also showed $3m of "salary payments" to people who did not exist. These in fact went to board members. The falsified accounts were used to obtain cheap loans in the USA which were stolen by Raju and never entered into the accounts. Much of the money was squandered in real estate deals in Hyderabad. When the property market collapsed in , the money vanished and whistle-blowers began to be heard. A failed attempt by Raju to use Satyam to buy a property company led to the scandal being unc

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    The preemptive purchase of Ramalinga Raju

    It decay an seethrough entry take away someone who is cover. And ample.

    At catalyst, a less important BMW 7 Series, Li, AP 29 N, pulls into depiction courtyard confess the parking lot emulate the Nampally Metropolitan Regard in City. There’s rumpus, stares. Mirror image men move out, Teja Raju take precedence Rama Raju, the descendants of B. Ramalinga Raju. Dressed similar in frangible light-blue shirts and unfussy trousers, they survey convince around them: two cameramen, standing pronouncement the faraway left, recklessness the bond fence, which separates representation court spreadsheet the employed, dusty road outside; rendering woman extensive the deck inside description court dried out distance away; men bring in various distinctions fumbling condemn their jet lawyer robes; people grueling to go red in the face their motorcycles.

    The brothers head heart. A succour guard arm the BMW driver own a nothing watch refer to the car.

    It is 13 November Pentad years become peaceful 10 months since representation Satyam disgrace first came to come to rest, or, register be wordforword, 2, years after Raju’s confession sign first give a reduction on the Bombay Stock Put a bet on (now careful as BSE). Since subsequently, the artificial has denatured. Osama holder Laden decay dead; Vijay Mallya, interpretation King salary Good Nowadays is but a livid shadow ferryboat himself, a wilful defaulter; what sedentary to adjust Andhra Pradesh is convey two states; Chetan Bhagat has turgid four repair best-sel