The Satyam Computer Services incident rocked corporate India in 2009 with its unwanted limelight when its chairman and founding member Ramalinga Raju resigned and confessed the fraud of accounts of $ 1.47 billion.

Timeline of Events -

DEC, 2008: World Bank bars Satyam for 8 years.

6 JAN, 2009: Satyam letter from Mr. Ramalinga Raju to its board directors admitting fraud.

9 JAN, 2009: Satyam’s Raju brothers arrested; 5 IPC sections slapped.

23 JAN, 2009: Satyam scam: CID arrests 2 PwC auditors.

6 APRIL, 2009: CBI files chargesheet against Satyam founder Raju and 8 others.

18 AUGUST, 2010: Satyam chief Ramalinga Raju granted bail.

29 OCT, 2011: SC issues notices to Satyam fraud accused to cancel bail.

23 NOV, 2011: SEBI to question Ramalinga Raju in Satyam fraud case.

17 SEPT, 2013: US court orders fresh proceedings into claims against Satyam.

4 APRIL, 2014: Raju appears in court on money-laundering charges.

16 JULY, 2014: Sebi bans Satyam's Ramalinga Raju for 14 years from market; asks for Rs 1849 crore.

8 DEC, 2014: Satyam Founder B Ramalinga Raju Gets Six Months in Jail in Corporate Fraud Case.
 
9 APRIL, 2015: 23rd Additional Chief Metropolitan Magistrate Court setences Raju and all the ten accused for 7 Years in Jail.