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                   Head of 'Indian Enron' Convicted for Fraud

   by VOA News

   An Indian court has convicted the founder of the outsourcing company
   Satyam Computer Services, along with several of his aides, on charges
   of stealing millions of dollars in one of the country's largest
   corporate fraud cases.

   The court in Hyderabad on Thursday convicted B. Rama Raju, his brother,
   and eight others on charges of breach of public trust, using forged
   documents, falsifying accounts, and concealing evidence.

   Investigators say the fraud cost investors around $2.25 billion. The
   case is known as "India's Enron," referring to the collapse of U.S.
   energy giant Enron in 2001 because of false accounting. The Satyam
   scandal erupted in 2009.

   Sentencing is scheduled for Friday. Raju could be sentenced to life in
   prison.
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   [1]http://www.voanews.com/content/head-of-indian-enron-convicted-of-fra
   ud/2712394.html

References

   1. http://www.voanews.com/content/head-of-indian-enron-convicted-of-fraud/2712394.html