B Ramalinga Raju News

The 10 accused were convicted of criminal conspiracy and cheating among other offences in the scam dubbed as the country's biggest accounting fraud.

A special court here trying the multi-crore accounting fraud in erstwhile Satyam Computer Services Ltd (SCSL) will pronounce its judgement in the CBI- probed case on Thursday.

A special court here is slated to pronounce on Monday the much-awaited judgement in the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL).

A special court on Tuesday set March 9, 2015, as the date for the verdict in the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL).

SFIO had filed seven complaints against SCSL and its directors for violations of the Companies Act in the Special Court for Economic Offences here in December 2009.

The Securities Appellate Tribunal on Monday stayed the Rs 1,849-crore penalty that Sebi had slapped on the founder-chairman of Satyam, B Ramalinga Raju and four others, but upheld a ban on them from accessing the markets.

As per Sebi's order, the money was asked to be deposited with the regulator within 45 days, while interest would be levied at 12 percent per annum with effect from January 7, 2009.

Sebi has barred Satyam founder B Ramalinga Raju, four other executives from capital markets for 14 years.

All the ten accused on Thursday attended the court proceedings. However, media persons were not allowed inside the court hall.

Satyam Computer Services Ltd later merged with Tech Mahindra.