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Friday, November 4, 2011

Satyam Ramalinga Raju gets bail

Finaly Supreme Court has granted bail for the Founder and Chariman of Satyam Computer Services LTD, Sri Ramalinga Raju.

He was arrested in a $1.5 billion financial fraud case by CBI in August. As a part Satyam Computer Services was auctioned and sold to IT Firm some part of Tech Mahindra, Mahindra & Mahindra and some partially owned by British Telecoms.

Now its renamed as Mahindra Satyam.

Well, its a good news for Satyam Employees..