Satyam scam kingpin B Ramalinga Raju has moved an appeal in a sessions court, in Hyderabad challenging a special court’s verdict which found him and nine others guilty in the multi-crore rupee accounting fraud in the erstwhile Satyam Computer Services Ltd (SCSL).
Raju, along with seven others, filed the appeal in the Metropolitan Sessions Court. The matter has been posted for hearing on April 15 about its maintainability.
The judgement (of the special court) is legally not sustainable and defence arguments were not considered. – V Surender Rao, Defence Counsel
On April 9, a special court trying the SCSL accounting fraud probed by CBI, had sentenced Raju and others to seven years rigorous imprisonment.
The Court found them guilty of criminal conspiracy as well as cheating, among other offences, in the scam and also imposed a Rs 5.5-crore fine on Raju and his brother Rama Raju.
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