All you need to know about the Satyam scandal

Former chairman of Satyam Computers B. Ramalinga Raju and nine other accused in the Satyam Computers scandal have been awarded seven years rigorous imprisonment and imposed varying amounts of fine by a Special Court in Hyderabad on Thursday. All the 10 accused in the multi-crore Satyam Computers account fraud, were found guilty by the judge B.V.L.N. Chakravarthy.

Here's all you need to know about the Satyam scandal:

What

The scandal broke in 2009 when founder-chairman of Satyam Computers Ramalinga Raju confessed that the company’s accounts were tampered with. He disclosed a Rs.7,000-crore accounting fraud in the balance sheets.

Who

The 10 people found guilty in the case are: B. Ramalinga Raju; his brother and Satyam's former managing Director B. Rama Raju; former chief financial officer Vadlamani Srinivas; 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 V.S. Prabhakar Gupta.

When: The timeline:

• January 7, 2009: Ramalinga Raju dropped a letter-bomb on unsuspecting investors, employees and the government confessing to a Rs.7,136-crore fraud committed by him and his close circle of relatives and employees at the company. Ramalinga Raju resigns. read more
• January 8, 2009: Citibank freezes Satyam's 30 accounts.
• January 9, 2009: Ramalinga Raju and his younger brother B. Rama Raju arrested. Central govt disbands Satyam’s board, to appoint its own 10 directors.read more
• January 9, 2009: Satyam removed from Sensex, Nifty read more
• Jan 10, 2009: Satyam’s former CFO Srinivas Vadlamani arrested. read more
• Jan 11, 2009: Government appoints Deepak Parekh, Kiran Karnik and C. Achuthan to Satyam board.read more
• February, 2009:: CBI takes over investigation, goes on to file three chargesheets read more
• Mar 6, 2009: Gets SEBI nod for bidding process to select investorread more
• April 22, 2009: Tech Mahindra makes open offer to Satyam shareholders at Rs. 58/share, offer to close June 9read more
• June 22, 2009: Mahindra unveils new brand identity for Satyam, Mahindra Satyam.read more
• 2010: Raju says charges levelled by CBI are false read more
• November 2, 2011: Supreme Court grants bail to Raju since CBI failed to file chargesheet on time. read more
• October 28, 2013: Enforcement Directorate files a criminal complaint against 47 persons and 166 corporate entities headed by Ramalinga Raju.read more
• December 8, 2014: Ramalinga Raju and three others given six months jail term by SFIO read more
• December 23, 2014: Judge postpones verdict citing voluminous documents read more
• March 9, 2015: Special court defers verdict till April 9 read more
• April 9, 2015: All 10 accused found guilty