Ramalinga Raju

Uncommon card · No. 117175

Byrraju Ramalinga Raju (born 16 September 1954) is an Indian businessman and convicted fraudster. He is the founder of Satyam Computer Services and served as its chairman and CEO from 1987 until 2009. Raju stepped down following his admission to embezzlement from the company to the tune of ₹7,136 crores (approximately US$1.5 billion), including ₹5,040 crores (approximately US$1 billion) of non-existent cash and bank balances. In 2015, he was convicted of corporate fraud, which led to the collapse of Satyam Computers. Another tech firm called Brane Enterprises with family links to Raju, where he plays an active role as a mentor, is under the scanner for sudden layoffs and unpaid wages to over 2,500 employees.

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