Ramalinga Raju – The fraud King

Close on the heels of the Bernie Madoff Ponzi scam in the US, Ramalinga Raju has tarnished the Indian industry with a scam that has been running for years. The Satyam balance sheet was inflated by Rs 5040 crores.  To control it, he even took Rs 1230 crores worth of loans.  What started off as…