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Breaking News:Ramalinga Raju resigns as Satyam Chairman, admits "fraud" in Satyam-Videos-The Times of India

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Uploaded by on Jan 7, 2009

Breaking News! In a shocking development, Mr. Ramalinga Raju resigned as the Chairman of Satyam Computers, admitting "fraud" in the company. According to Ramalinga Raju, there was an attempt to manipulate the accounts, which eventually failed. Raju also confirmed that the manipulation of accounts started years ago.


While giving the balance sheet to the board, Ramalinga Raju said that books show inflated amount of Rs. 5,040 cr. The amount of Rs. 1,230 cr is not shown in the books. Raju, while resigning from his post, said that he is ready to subject himself to law. According to the expert lawyers, Raju could face up to 10 years in prison if "fraud" in Satyam is proved.


Meanwhile, Ram Mynampati has been appointed as the interim CEO of Satyam Computers. Satyam stocks took a heavy beating after the resignation of Ramalinga Raju. The industry is in a shock.

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Uploader Comments (susantjdas)

  • In a country where it takes more than 10 years to prove the guilt, here is a man who has confessed everything before. we only see 7000 Crores but everyone forgets lacs of crores that he has bought to India and lacs of families that enjoyed his success. In Business anyhthing can happen and which he is ready to face. I wish Mr.Raju to come back the way steve Jobs of Apple Computers bounced back and built a new company with more integrity than ever. Don't forget he's just 54.....

  • you are absolutly right

Top Comments

  • heheheheee indians? jews?..are you fucking out of your mind?? jew is a religion and india is country of religions..because a ceo of a not so important company fucked up, indians are shit?

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  • Relax, Ramalinga Raju was a cunt. But that doesn't allow to get racist and communist towards AP.

  • Satyam 会逐渐好起来。

  • Eendiah, de laahgest deemahkrasi een de vehrald! Pawah to Eendiah! Eendiah vill be de Sooopa-Pawah in tdwantie-tdwantie!

  • The filthiest mutherfucker of all from a state full of filthy mutherfuckers "Andra Pradesh".

    WHy dont you fuckers stay out of business and stop embarassing the whole country, you should do something that meets your mental capacity like cleaning the streets.

  • nailthetheif com excellent game on Raju

  • Amazing one of the biggest con men of all time who has cheated hundreds of thousands of ordinary Indians schoolteachers, students women he spared no one with his lies.

    He ranks right up there with Charles Sobraj with the biggest decievers of all time the only difference is he's in suit boot but "chor ko shakalk se pahachan sakte ho"?

    He should be stripped and made to beg on the streets .... rascal

  • Ur right, The person who bulid his Company, never think about to ruin his Company.I think, satyam will become More Stronger than before.

  • Exactly we just dont learn from our mistakes, we need to bring our jobs back from there before it gets worst here

  • Former Business Tycoon, disgraced chief of Satyam Computers, Ramalinga Raju and his brother Rama Raju in jail - shared a matress in the jail cell including a common Indian toilet with about 40 undertrials wanted for murder, rape, chain snatching, pocket picking and selling illicit liquor.

    However, on Friday night, the Rajus did not ask for any food.

    At 6.15 am in the morning, he stood in line with others and was served 3 rotis with dal.

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