The special court for economic offences sentenced Ramalinga Raju, his
brother and then managing director of the company, B Rama Raju and two
others to six months imprisonment in six of the seven cases filed by the
Serious Fraud Investigation Office (SFIO).
The court also fined 11 individuals for amounts ranging from Rs 10,000 to Rs 2.66 crore.
The highest fine was imposed on Krishna G Palepu, who was directed to pay the amount in two months.
"The accused were convicted and sentenced in six cases. The sentences will run concurrently," Special Prosecutor C Raghu said.
Ramalinga Raju, Rama Raju, former chief financial officer Vadlamani Srinivas and former director Ram Mynampati were sentenced to imprisonment and fined while other former directors were fined Rs 20,000 each in a complaint.
The court also fined 11 individuals for amounts ranging from Rs 10,000 to Rs 2.66 crore.
The highest fine was imposed on Krishna G Palepu, who was directed to pay the amount in two months.
"The accused were convicted and sentenced in six cases. The sentences will run concurrently," Special Prosecutor C Raghu said.
Ramalinga Raju, Rama Raju, former chief financial officer Vadlamani Srinivas and former director Ram Mynampati were sentenced to imprisonment and fined while other former directors were fined Rs 20,000 each in a complaint.
Source: Chhattisgarh Hindi News and MP Hindi News
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