Main content

Satyam former boss jailed for seven years

Indian technology giant Satyam Computers collapsed in 2009, leaving shareholders $2bn out of pocket. The company's founder and former CEO has been sentenced to 7 years in jail.

Indian technology giant Satyam Computers collapsed in 2009, leaving shareholders $2bn out of pocket. After a fraud case lasting 6 years, founder and former CEO, B Ramalinga Raju has been found guilty of overstating profits, falsifying accounts and forging documents. He was sentenced to seven years in prison along with 9 other senior figures - we hear from our correspondent in Mumbai. HSBC faces another investigation into its tax affairs, this time by French authorities. Βι¶ΉΤΌΕΔ economics correspondent Theo Leggett explains why. Greece has met today's deadline to repay $5m of debt to the IMF. With more than $250bn still outstanding, we ask how realistic the repayments schedule is. Hugo Dixon, Editor-at-Large with Reuters News has been following the story. The strength of the US dollar has been good for imports, but America's exporters are starting to suffer. Our regular commentator, economist Irwin Stelzer explains how worrying the strong dollar is for the US. And a play about the life of former US President Bill Clinton opens on Broadway. We hear from Paul Hodge who wrote the music and lyrics for 'Clinton the Musical'.

Picture credit: NOAH SEELAM/AFP/Getty Images

Available now

28 minutes

Last on

Thu 9 Apr 2015 17:32GMT

Broadcast

  • Thu 9 Apr 2015 17:32GMT