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A special <keyword id="6362306" type="ORGANIZATION" weightage="80" keywordseo="CBI-court">CBI court</keyword> on Thursday held <keyword id="10958" type="CITY" weightage="80" keywordseo="Satyam">Satyam</keyword> founder and <keyword id="6364480" type="POSITION" weightage="80" keywordseo="Chairman">chairman</keyword> B <keyword id="41263" type="PERSON" weightage="60" keywordseo="Ramalinga-Raju">Ramalinga Raju</keyword> guilty in the multi-crore accounting fraud, sentencing him to 7 years of rigorous imprisonment. The court also imposed a fine of Rs 5 crore on Raju. 
 
Raju who has already spent over 30 months in jail had urged the court to be lenient with the sentencing, citing health grounds. 
 
The scam surfaced in January, 2009, after Raju, Satyam's then chairman, allegedly confessed to manipulating his company's account books and inflating profits over many years. Around 3,000 documents were marked and 226 witnesses examined during the trial that began nearly six years ago. 
 Beside Raju, the others found guilty in the case are, his brother and Satyam's former <keyword id="24973" type="POSITION" weightage="80" keywordseo="managing-director">Managing Director</keyword> B <keyword id="8810" type="PERSON" weightage="80" keywordseo="Rama-Raju">Rama Raju</keyword>, <keyword id="2757273" type="POSITION" weightage="80" keywordseo="former-Chief-Financial-Officer">former Chief Financial Officer</keyword> <keyword id="272047" type="PERSON" weightage="80" keywordseo="Vadlamani-Srinivas">Vadlamani Srinivas</keyword>, former <keyword id="66728" type="CITY" weightage="80" keywordseo="PricewaterhouseCoopers">PricewaterhouseCoopers</keyword> (PwC) auditors <keyword id="263551" type="PERSON" weightage="80" keywordseo="Subramani-Gopalakrishnan">Subramani Gopalakrishnan</keyword> and T Srinivas, Raju's another brother B Suryanarayana Raju, former employees G Ramakrishna, D Venkatpathi Raju and Ch Srisailam and Satyam's former <keyword id="2571205" type="POSITION" weightage="80" keywordseo="internal-chief-auditor">internal chief auditor</keyword> <keyword id="754958" type="COMPANY" weightage="80" keywordseo="VS-Prabhakar-Gupta">VS Prabhakar Gupta</keyword>. 
 Raju and others were charged with offences like cheating, criminal conspiracy, forgery and breach of trust under relevant sections of IPC for inflating invoices and incomes, account falsification, faking fixed deposits, besides allegedly falsifying returns through violation of various <keyword id="6354751" type="COMPANY" weightage="80" keywordseo="Income-Tax">Income Tax</keyword> laws. 
 
While the CBI accused Raju and the others of cheating, breach of trust by way of inflating invoices and incomes in the first and third charge sheets, the second one dealt with the accused allegedly falsifying returns through violation of various IT laws. 
During the trial, the CBI alleged that the scam caused a loss of Rs 14,000 crore to shareholders of Satyam. 
 In January last year, Ramalinga Raju's wife <keyword id="2799808" type="UNKNOWN" weightage="80" keywordseo="Nandini-Raju-and-sons">Nandini Raju and sons</keyword> <keyword id="158777" type="PERSON" weightage="80" keywordseo="Teja-Raju">Teja Raju</keyword> and Rama Raju were among 21 relatives of the ex-Satyam boss who were convicted by a <keyword id="2107210" type="ORGANIZATION" weightage="80" keywordseo="special-court-for-economic-offences">Special Court for Economic Offences</keyword> here for default in Income Tax payment.

Ramalinga Raju sentenced to
7 years in jail, also Rs 5cr fine for committing fraud

In what can be considered a huge setback for the erstwhile software company, <keyword id="10958" type="CITY" weightage="80" keywordseo="Satyam">Satyam</keyword>, a special <keyword id="6362306" type="ORGANIZATION" weightage="80" keywordseo="CBI-court">CBI court</keyword> on Thursday held its founder and chairman B <keyword id="41263" type="PERSON" weightage="80" keywordseo="Ramalinga-Raju">Ramalinga Raju</keyword> and nine others guilty in the multi-crore accounting fraud. The court will pronounce the sentence on Friday. 
 
Touted as the country's biggest accounting fraud, the scam had come to light on January 7, 2009, after the firm's founder and then Chairman B Ramalinga Raju allegedly confessed to manipulating his company's account books and inflating profits over many years to the tune of crores of rupees. 
 Raju was arrested by <keyword id="37102" type="COMPANY" weightage="80" keywordseo="Andhra-Pradesh">Andhra Pradesh</keyword> Police's <keyword id="6451278" type="ORGANIZATION" weightage="80" keywordseo="Crime-Investigation-Department">Crime Investigation Department</keyword> two days later after he allegedly confessed to the fraud, along with his brother Rama Raju and others. 
 
Around 3,000 documents were marked and 226 witnesses examined during the trial that began nearly six years ago. 
 Beside Ramalinga Raju, the other accused are, his brother and Satyam's former <keyword id="24973" type="POSITION" weightage="80" keywordseo="managing-director">Managing Director</keyword> B Rama Raju, former Chief Financial Officer <keyword id="272047" type="PERSON" weightage="80" keywordseo="Vadlamani-Srinivas">Vadlamani Srinivas</keyword>, former PwC auditors Subramani Gopalakrishnan and T Srinivas, Raju's another brother B Suryanarayana Raju, former employees G Ramakrishna, D Venkatpathi Raju and Ch Srisailam and Satyam's former <keyword id="2571205" type="POSITION" weightage="80" keywordseo="internal-chief-auditor">internal chief auditor</keyword> <keyword id="626096" type="PERSON" weightage="80" keywordseo="V-S-Prabhakar-Gupta">V S Prabhakar Gupta</keyword>. Raju and others were charged with offences like cheating, criminal conspiracy, forgery and breach of trust under relevant sections of IPC for inflating invoices and incomes, account falsification, faking fixed deposits, besides allegedly falsifying returns through violation of various <keyword id="6354751" type="COMPANY" weightage="80" keywordseo="Income-Tax">Income Tax</keyword> laws. 
 
In February 2009, the CBI took over the investigation and filed three charge sheets (on April 7, 2009, November 24, 2009 and January 7, 2010), which were later clubbed into one. 
 
The first two charge sheets dealt with the account fudging by Raju with the assistance of nine others, while the third charge sherelates to "violation" of various Income Tax rules. 
 
While the CBI accused Raju and the others of cheating, breach of trust by way of inflating invoices and incomes in the first and third charge sheets, the second one dealt with the accused allegedly falsifying returns through violation of various IT laws. 
 
During the trial, the CBI alleged that the scam caused a loss of Rs 14,000 crore to shareholders of Satyam, while the defence countered the charges saying the accused were not responsible for the fraud and all the documents filed by the central agency relating to the case were fabricated and not according to the law. 
 The <keyword id="6357808" type="ORGANIZATION" weightage="80" keywordseo="Enforcement-Directorate">Enforcement Directorate</keyword> had also filed a charge sheet against them under Prevention of <keyword id="6355008" type="UNKNOWN" weightage="80" keywordseo="money-laundering">Money Laundering</keyword> Act. 
 In January last year, Ramalinga Raju's wife <keyword id="2799808" type="UNKNOWN" weightage="80" keywordseo="Nandini-Raju-and-sons">Nandini Raju and sons</keyword> <keyword id="158777" type="PERSON" weightage="80" keywordseo="Teja-Raju">Teja Raju</keyword> and Rama Raju were among 21 relatives of the ex-Satyam boss who were convicted by a <keyword id="2107210" type="ORGANIZATION" weightage="80" keywordseo="special-court-for-economic-offences">Special Court for Economic Offences</keyword> here for default in Income Tax payment. 
 Last year, on December 8, Ramalinga Raju, Rama Raju, Vadlamani Srinivas and former director <keyword id="125006" type="PERSON" weightage="80" keywordseo="Ram-Mynampati">Ram Mynampati</keyword> were sentenced to six months jail term and fined by the Special Court for Economic Offences in connection with complaints filed by <keyword id="107956" type="ORGANIZATION" weightage="80" keywordseo="Serious-Fraud-Investigation-Office">Serious Fraud Investigation Office</keyword> (SFIO) for violation of various provisions of the Companies Act.

Ramalinga Raju, 9 others 'guilty' of fraud. Sentencing on Friday

After a week of great <keyword id="25892" type="ORGANIZATION" weightage="100" keywordseo="box-office">box office</keyword> action, mainly due to the runaway success of Rajinikanth-starrer <a href="http://www.businessinsider.in/Box-Office-Kochadaiiyaan-Thrives-On-Rajini-Power-Heropanti-Soaring-High/articleshow/35710189.cms">Kochadaiiyaan</a>, <keyword id="143" type="CITY" weightage="100" keywordseo="Bollywood">Bollywood</keyword> is back to a dismal crawl. Last Friday (May 30) saw the release of just two flicks – Hansal Mehta-directed <keyword id="502037" type="ENTERTAINMENT" weightage="100" keywordseo="Citylights">Citylights</keyword> and newbie film-maker <keyword id="1307809" type="UNKNOWN" weightage="100" keywordseo="Aman-Sachdeva">Aman Sachdeva</keyword>’s <keyword id="1444695" type="UNKNOWN" weightage="100" keywordseo="Kuku-Mathur-Ki-Jhand-Ho-Gayi">Kuku Mathur Ki Jhand Ho Gayi</keyword> (well, this one is produced by <keyword id="6354597" type="PERSON" weightage="80" keywordseo="Ekta-Kapoor">Ekta Kapoor</keyword>, <keyword id="154993" type="PERSON" weightage="80" keywordseo="Shobha-Kapoor">Shobha Kapoor</keyword> and Bejoy Nambiar). Although both are hatke movies in a way and the former has earned enough critical accolades, none could manage an impressive showing at the <keyword id="827271" type="UNKNOWN" weightage="100" keywordseo="Domestic-Box-Office">domestic box office</keyword> and recorded only 5-10% occupancy on debut day. 
 
Citylights, however, did considerably well after collecting just Rs 70 lakh on the opening Friday. The movie hit 500 screens and went on to earn Rs 3.57 crore at home in the first three days, according to <keyword id="6356809" type="POSITION" weightage="80" keywordseo="producer">producer</keyword> figure (trade figure puts it at Rs 3.18 crore). But the crucial first Monday collections dipped again to Rs 60 lakh (approx). However, keeping in mind it is a <keyword id="2289947" type="UNKNOWN" weightage="100" keywordseo="Low-budget-movie">low-budget movie</keyword> and cost around Rs 7 crore including P&amp;A, Citylights may just avoid losses. 
 
On the other hand, <keyword id="2289921" type="UNKNOWN" weightage="100" keywordseo="Kuku-Mathur">Kuku Mathur</keyword> Ki Jhand Ho Gayi, a rom-com drama with a <keyword id="2289946" type="UNKNOWN" weightage="100" keywordseo="quirky-title">quirky title</keyword> and an unmistakable <keyword id="2289944" type="UNKNOWN" weightage="100" keywordseo="Delhi-flavour">Delhi flavour</keyword>, has garnered a paltry Rs 1.60 crore over the first weekend, against an estimated budget of Rs 6 crore. In addition, it has landed into further trouble as a resident of <keyword id="6355556" type="COMPANY" weightage="80" keywordseo="bhopal">Bhopal</keyword> has reportedly filed a Public Interest Litigation (<keyword id="6355791" type="ORGANIZATION" weightage="80" keywordseo="PIL">PIL</keyword>) against <keyword id="766823" type="COMPANY" weightage="100" keywordseo="Balaji-Motion-Pictures">Balaji Motion Pictures</keyword>, claiming that the film’s title has hurt the sentiments of the Kayastha community. Kuku Mathur was released across 700 screens but going by its performance, it can be a clean washout at the box office. 
 
But what has gone wrong with Citylights? For one, the movie gives you a taste of unsavoury reality that is bound to jolt viewers. Inspired by the British film <keyword id="467511" type="ORGANIZATION" weightage="100" keywordseo="Metro-Manila">Metro Manila</keyword>, Citylights by <keyword id="303" type="POSITION" weightage="80" keywordseo="Director">director</keyword> <keyword id="4684" type="UNKNOWN" weightage="100" keywordseo="Hansal-Mehta">Hansal Mehta</keyword> (of Shahid fame) pieces together the gripping tale of an <keyword id="2289953" type="UNKNOWN" weightage="100" keywordseo="Uprooted-family">uprooted family</keyword> and their desperate struggle to survive in the ruthless city of Mumbai. The <keyword id="1097560" type="UNKNOWN" weightage="100" keywordseo="storyline">storyline</keyword> unveils a touching human document, superbly portrayed by the lead couple – <keyword id="1946388" type="UNKNOWN" weightage="100" keywordseo="Rajkummar-Rao">Rajkummar Rao</keyword> (<keyword id="6357110" type="PERSON" weightage="100" keywordseo="deepak">Deepak</keyword>) and debutante <keyword id="2222926" type="UNKNOWN" weightage="100" keywordseo="Patralekha">Patralekha</keyword>. Even the crime drama blends well with the colourful kaleidoscope – gentle, sombre, harsh and tragic at times. The ending is undoubtedly filmy, but the rest shines with a rare sensitivity that saves Citylights from being a cliché. 
 
 
 
In contrast, Kuku Mathur is a <keyword id="2289956" type="UNKNOWN" weightage="100" keywordseo="Light-comedy">light comedy</keyword>, telling the story of two fast <keyword id="343" type="ENTERTAINMENT" weightage="100" keywordseo="Friends">friends</keyword> – Kuku Mathur (<keyword id="803840" type="UNKNOWN" weightage="100" keywordseo="Siddharth-Gupta">Siddharth Gupta</keyword>) and <keyword id="2289924" type="UNKNOWN" weightage="100" keywordseo="Ronnie-Gulati">Ronnie Gulati</keyword> (<keyword id="2222736" type="UNKNOWN" weightage="100" keywordseo="Ashish-Juneja">Ashish Juneja</keyword>) – and their coming of age. This one is Sachdeva’s debut film and there are the usual hiccups in terms of plot and characters. But the lead duo and <keyword id="38050" type="PERSON" weightage="100" keywordseo="Amit-Sial">Amit Sial</keyword> (<keyword id="2289962" type="UNKNOWN" weightage="100" keywordseo="Prabhakar-Bhaiya">Prabhakar Bhaiya</keyword>, the baddie uncle trying to influence Kuku) have put in some fantastic acting; the humour is quite <keyword id="678332" type="PERSON" weightage="80" keywordseo="Subtle">subtle</keyword> at times and the <keyword id="2289967" type="UNKNOWN" weightage="100" keywordseo="Delhi-backdrop">Delhi backdrop</keyword> adds some endearing local colours. Kuku’s culinary aspirations bring in a fresh <keyword id="30450" type="ENTERTAINMENT" weightage="80" keywordseo="Touch">touch</keyword>, but a crisper storyline and engaging <keyword id="42057" type="COMPANY" weightage="100" keywordseo="Screenplay">screenplay</keyword> could have improved the film vastly. Overall, an average movie with a few ‘wow’ moments and that partly explains the poor box office response. 
 But in case you are longing for another <keyword id="654103" type="ORGANIZATION" weightage="60" keywordseo="smash">smash</keyword> hit like <keyword id="1849408" type="UNKNOWN" weightage="100" keywordseo="Kochadaiiyaan">Kochadaiiyaan</keyword> or even <a href="http://www.businessinsider.in/Box-Office-Kochadaiiyaan-Thrives-On-Rajini-Power-Heropanti-Soaring-High/articleshow/35710189.cms">Heropanti</a>, wait till you get to watch Akshay Kumar-starrer <keyword id="2113212" type="UNKNOWN" weightage="100" keywordseo="Holiday-A-Soldier-Is-Never-Off-Duty">Holiday: A Soldier Is Never Off Duty</keyword>, to be released on June 6. It is a remake of the Tamil hit <keyword id="2289970" type="UNKNOWN" weightage="100" keywordseo="Tuppaki">Tuppaki</keyword> and also stars <keyword id="62210" type="PERSON" weightage="100" keywordseo="Sonakshi-Sinha">Sonakshi Sinha</keyword>. Let us wait and see if ‘Akki’ can break the box office jinx. 
 
Images: Indiatimes

Citylights
Impressive But Tanks At Box Office; Kuku Mathur Doesn’t Take Off

<ul><li>India is sitting on a demographic time bomb. People over the age of 60 are expected to account for 25% of India’s <keyword id="48933" type="PERSON" weightage="20" keywordseo="population">population</keyword> by 2050.</li><li>The concept of <keyword id="2995734" type="PERSON" weightage="20" keywordseo="senior-living">senior living</keyword> has been gaining traction in recent years owing to the migration of Indians and the breakdown of the joint family model. </li><li>However, most senior care options are mostly geared towards the upper-middle class. The low-cost options leave a lot to be desired. </li></ul> My father was 64 when he had his first heart attack in September 2015. He downplayed the pain and told my brother and I, who were 23 years old at the time, that it was just acidity. We didn’t know better. Four days later, on his 65th birthday, the heart attack led to a stroke, which affected a small part of his brain that dealt with his speech and comprehension. Following his discharge from the hospital, my brother and I worked out an arrangement with our respective employers wherein we worked from home on alternative days so we could take care of him. My father slowly regained his verve and became somewhat self-sufficient by the end of 2015. However, he suffered another stroke and an epileptic seizure in April 2016. After my father suffered a third stroke in February 2017, the idea of putting him in an assisted living facility was floated by my uncle. My brother was living in Bombay by this point and I was spending more time at work so it seemed like the sensible thing to do. The concept of senior living, while relatively new to India, has been gaining traction in recent years and with good reason. There were 103.8 million citizens above the age of 60 in India in 2011, according to the Ministry of Social Justice and Empowerment, and the number is expected to reach 143 million by 2021 and 173 million by 2026. Concurrently, as nuclear families are in vogue, the safety net afforded to old people by the joint family model is disintegrating. India has also seen a wave of migration in the last few decades as young people have gone to big metros as well as foreign countries in search of better opportunities, leaving their parents behind. More and more old people are living alone- which makes them vulnerable to <a href="https://www.firstpost.com/india/increase-in-crimes-against-senior-citizens-in-chennai-forces-them-to-shift-to-retirement-homes-3109622.html">crime</a> and depression. And the problem will only get worse. People over the age of 60 are expected to account for 25% of India’s population by 2050. India’s emerging market counterparts like Brazil and China are also sitting on a similar demographic time-bomb resulting from decades of exponential economic growth, improved health outcomes and stretched budgets. While Western countries like the US and UK started laying the foundational groundwork for their senior care industries in the latter half of the 20th century, BRIC countries only began developing an industrial framework to address the problem in the recent past - that too, by encouraging foreign participation and co-opting the western model of senior living which marries real estate development with at-home care. The Senior Care Act The Indian government has made some noticeable interventions but they haven’t produced the desired results. For example, in 2007, there government of India passed the Maintenance and Welfare of Parents and <keyword id="20566" type="COMPANY" weightage="20" keywordseo="senior-citizens">Senior Citizens</keyword> Act. The act requires children to take care of their parents in <keyword id="6378960" type="UNKNOWN" weightage="20" keywordseo="old-age">old age</keyword>. It also mandates the establishment of old age homes by state governments. The act has failed on both fronts. Senior citizens neither have the knowledge of their rights or the will to take their children to court. As of mid-2017, only 360 homes had been built by state governments with central funding under the Integrated Programme for Older Persons (IPOP), according to data from the social justice ministry. India’s private sector takes the lead However, India’s private sector has spotted the gap in the market, taking inspiration from the US’s $300 billion senior living industry. By 2013, India had 30 assisted living projects in India, with another 30 in the pipeline, according to Jones Lang Lasalle, a commercial real estate firm. There are a number of developers building “retirement resorts” in North India to cater to the high-end segment. Max India, a <keyword id="6354525" type="UNKNOWN" weightage="20" keywordseo="healthcare">healthcare</keyword> giant, has a 200-block senior living facility called Antara on the outskirts of the city of Dehradun. Pitched as the confluence of lifestyle and life care, the community boasts state-of-the-art medical facilities with in-house doctors as well as a a fitness centre, which includes a gym, spa and a swimming pool. Prices for a property here start at a cool $300,000. However, the senior living trend actually took flight in south Indian states like Tamil Nadu, Karnataka and Andhra Pradesh, where a large number of non-resident Indians (NRI) hail from, before spreading to the North. In recognition of their high purchasing power, Covai Care, a Coimbatore-based developer, launched S3 Retirement Homes, one of India’s first retirement projects, according to its general manager, S Prabhakar, in 2007 to cater to this market. While the senior living market has doubled since then, says Prabhakar, it is still in a nascent stage. Covai Care primarily offers three forms of care facilities for its residents- assisted care for senior residents, palliative care for terminally ill patients and memory care for patients with dementia or Alzheimer's with properties in Bangalore, Mysore, Coimbatore and Pondicherry. The properties don’t come cheap either. With prices ranging from $60,000 to $150,000 depending on size, residents also have to pay around $270-$300 a month for medical and maintenance fees. Prabhakar maintains that these costs are in line with the average cost of living for these patients anyway. He also expects the demand for these properties to be robust, citing the increase in life expectancy and growing trend of senior citizens who crave independence. The middle ground India is striving to create cheaper offerings for the middle class too. Arun Gupta, the chief executive of Age Ventures India (AVI), a non-profit organisation that petitions builders to develop properties, echoes Mr Prabhakar’s beliefs about the industry’s prospects. “The senior citizen population is growing at a rate of 3.8% per annum, while the overall population of India is growing at 1.8%” he says. For a small consulting fee, AVI works with developers to build elder care homes and communities by sharing best practices and identifying project locations. These homes are modestly priced, with a 1BHK unit starting at $22,500 at the organisation’s first project in Bangalore. Ashiana Housing, a Delhi-based real estate developer, pitches its retirement communities to the middle class in tier-1 and tier-2 cities . The price ranges between $45,000 million and $100,000 for the units, and that demand for them follows the same pattern as the housing market. Amit Dogra, the sales manager for Ashiana's senior living segment, doesn’t think much of India’s cultural aversion to old age homes. “98% of our residents chose senior living independently. They were not forced by their children.” Abhishek Mohanty, a facility design and marketing consultant at Epoch Elder Care, feels otherwise. “Social stigma, especially from relatives, is more of a problem than affordability”, he says. “This is why we target higher-net-worth individuals and NRIs as they are more open to the idea of senior living and are willing to spend the money”. Founded in 2011, Epoch Elder Care originally started as a provider of home care services and personnel before transitioning into the assisted living space. It follows a rental model, entailing a one-time deposit and monthly rental fee, which is better suited to middle class customers. Epoch has three retirement homes with monthly fees of $1,800 for short-term single occupancy guests and $1,350 for long-term guests, which excludes the rather-high 18% GST rate on senior living. Around 60% of Epoch’s residents are dementia patients, which limits the amount of residents per facility. Mohanty is optimistic about his company’s prospects given the country’s increasing awareness about dementia and the growing number of senior citizens. By 2022, Epoch plans to have as many as 12 facilities, with an average of around 50 guests each, operating all over India. The sense of stigma attached to senior living, while declining, is still a consideration for the relatively well-off. Rachna (name changed), a corporate lawyer in her 40s, says that the decision to send her father to a retirement home outside Gurgaon last year was not an easy one. “My friends felt that I was relinquishing my sense of duty,” she said, “and my father likened the experience to being sent to jail”. However, she feels that it was the best option since she and her husband had full-time jobs and two teenage children to take care off. Now, her father, a former stroke victim and arthritis patient, benefits from round-the-clock care and companionship in the facility. No respite at the bottom Senior living seems to be an effective solution for people who can afford it, but for the hundreds of millions that can’t, their options are few and far between. At the lower end of the spectrum, the government-operated old age homes, which feature dormitories instead of rooms, are understaffed and in a deplorable condition, according to Matthew Cherian, the chief executive of HelpAge India. There are a number of cheaper nursing homes that are run by private owners, however quality is still an issue given the lack of government-imposed industry standards. And some of these also operate without licenses and accreditation. In 2012, <a href="https://timesofindia.indiatimes.com/city/pune/68-nursing-homes-dont-have-licences/articleshow/13238672.cms">68 nursing homes </a>were found to be operating illegally in Pune. A variety of non-profit organisations like HelpAge India also run and support old age homes, but the supply of beds in such homes is drastically outweighed by the number of people that need them. As I write this, it’s been more than 13 months since my father’s last stroke. He’s in good spirits. He’s been eating well and going for walks every evening with other senior citizens in our gated community in Gurgaon. He has moved past his initial resistance and softened his stance towards senior living facilities, in anticipation of my eventual departure from home. “If I have to go one day, I’ll go”, he says. “Maybe I can get my friends to come with me too”. If only other Indians like him had the same option.

Here's what the future of the senior living industry looks like for 25% of India’s population

A special court will deliver its verdict in <keyword id="74971" type="UNKNOWN" weightage="20" keywordseo="Satyam-fraud-case">Satyam fraud case</keyword> on March 9, 2015. Special <keyword id="2655311" type="UNKNOWN" weightage="20" keywordseo="Judge-BVLN-Chakravarthi">Judge BVLN Chakravarthi</keyword> deferred the judgment, owing “voluminous documents.” 
 
“You know the volume of the case…it requires some more time (to study). You may be satisfied or not (with the outcome), but I must satisfy myself (before coming to a conclusion). Typing of the judgement itself needs 2-3 weeks,” the judge said. 
 
Satyam Computers founder and erstwhile chairman B Ramalinga Raju, his brother and the company’s former managing director B Rama Raju and former chief financial officer Vadlamani Srinivas were present in the court during the hearing. 
 
The others accused in the case are: former PwC auditors Subramani Gopalakrishnan and T Srinivas, Raju’s another brother B Suryanarayana Raju, former employees G Ramakrishna, D Venkatpathi Raju and CH Srisailam, and Satyam’s former internal chief auditor VS Prabhakar Gupta. 
 Raju was arrested by the <keyword id="6451278" type="ORGANIZATION" weightage="20" keywordseo="Crime-Investigation-Department">Crime Investigation Department</keyword>, Andhra Pradesh police, after he confessed to the fraud.

You Searched For "VS Prabhakar Gupta" and got 5 results

Ramalinga Raju sentenced to 7 years in jail, also Rs 5cr fine for committing fraud

BI India Bureau

Ramalinga Raju, 9 others 'guilty' of fraud. Sentencing on Friday

BI India Bureau

Citylights Impressive But Tanks At Box Office; Kuku Mathur Doesn’t Take Off

Sanghamitra Mandal

Here's what the future of the senior living industry looks like for 25% of India’s population

Dilsher Dhillon

Verdict In Satyam Case To Be Delivered On March 9

BI India Bureau

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