Byrraju Ramalinga Raju
B. Ramalinga Raju ( born September 16, 1954) was the chairman of Satyam Computer Services. The company was founded by Raju and was one with a turnover of over one billion U.S. dollars, the largest Indian IT companies. On 7 January 2009, he resigned to have forged with the confession balance sheets. He and his brother were arrested on 9 January 2009. The scandal is known as the Indian Enron scandal.
Private life
B. Ramalinga Raju is the son of Byrraju Satyanarayana Raju of Bhimavaram. He has one brother (B. Rama Raju ) and two sisters. Raju is married and has two sons Teja Raju and Rama Raju and a married daughter Deepti.
He did his training at Andhra Loyola College in Vijayawada. He then received an MBA from Ohio University and the Owner / President course at Harvard University. On 14 December 2007 he received the doctorate from Anna University in Chennai.
Career
Raju was initially active in areas such as construction and textiles. He was able to test his knowledge from the courses in the U.S. in practice. Then he realized the possibilities that would bring the outsourcing in the computer field and founded in 1987 his company Satyam. He could quickly gain numerous customers in the United States. His company grew quickly and spread to other countries. Raju revealed this also socially active with the foundations Byrraju Foundation and the Emergency Management and Research Institute ( EMRI ).
The scandal
Against Raju was under investigation for practices associated with the company Maytas ( Maytas Infrastructure and Maytas Properties, Teja Raju is since January 3, 2009 CEO) and the sale of shares. Having falsified the Culminating in the confession bookings worth 7000 crore rupees (about $ 1 billion ) and his resignation. Of auditors of the company was the Indian subsidiary of PricewaterhouseCoopers.
His company was after heavy losses ( > 72%) excluded from trading and deleted on January 12, 2009, from the financial index BSE Sensex.
In studies it was recognized that nearly 13,000 employees were invented. Their content was used to make purchases of land, according to investigators.
Awards
- Ernst & Young Entrepreneur of the Year Award Services 1999.
- Dataquest IT Man of the Year Award 2000.
- Asia Business Leader Award 2002.
- E & Y Entrepreneur of the Year 2007