What: The scandal broke in 2009 when founder-chairman of Satyam Computers Ramalinga Raju confessed that the company’s accounts were tampered with. He disclosed a Rs.7,000-crore accounting fraud in the balance sheets.
Who: The 10 people found guilty in the case are: B. Ramalinga Raju; his brother and Satyam's former managing dDirector B. Rama Raju; former chief financial officer 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.
When: The timeline of the scam
January 7, 2009: Ramalinga Raju dropped a letter-bomb on unsuspecting investors, employees and the government confessing to a Rs.7,136-crore fraud committed by him and his close circle of relatives and employees at the company. Ramalinga Raju resigns. > Read more
January 8, 2009: Citibank freezes Satyam's 30 accounts.
January 9, 2009: Ramalinga Raju and his younger brother B. Rama Raju arreste. Central govt disbands Satyam’s board, to appoint its own 10 directors. >Read more
Jan 9, 2009: Satyam removed from Sensex, Nifty. >Read more
Jan 10, 2009: Satyam’s former CFO Srinivas Vadlamani arrested. >Read more
Jan 11, 2009: Government appoints Deepak Parekh, Kiran Karnik and C. Achuthan to Satyam board. >Read more
February 2009: CBI takes over investigation, goes on to file three chargesheets. >Read more
Mar 6, 2009: Gets SEBI nod for bidding process to select investor. >Read more
April 22, 2009: Tech Mahindra makes open offer to Satyam shareholders at Rs. 58/share, offer to close June 9. >Read more
June 22, 2009: Mahindra unveils new brand identity for Satyam, Mahindra Satyam. >Read more
2010: Raju says charges levelled by CBI are false. >Read more
November 2, 2011: Supreme Court grants bail to Raju since CBI failed to file chargesheet on time. >Read more
October 28, 2013: Enforcement Directorate files a criminal complaint against 47 persons and 166 corporate entities headed by Ramalinga Raju. >Read more
December 8, 2014: Ramalinga Raju and three others given six months jail term by SFIO. > Read more
December 23, 2014: Judge postpones verdict citing voluminous documents. > Read more
March 9, 2015: Special court defers verdict till April 9. >Read more
April 9, 2015: All 10 accused found guilty. >Read more
