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Byrraju Ramalinga Raju
Ramalinga Raju (born 16 September 1954) was the former chairman of Satyam Computer Services from 1987 and till 7 January 2009, stepping down admitting to embezzlement of financial figures of the company to the tune of Rs 71.36 billion (approximately US$1.5 billion), including Rs 50.40 billion (approximately US$1 billion) of non-existent cash and bank balances.〔(Rs 7,000-crore fraud ). The Hindu Business Line. Retrieved on 27 December 2013.〕
==Early life==
Ramalinga Raju, the oldest of four children, was born on 16 September 1954 to a farming family. He earned a Bachelor of Commerce degree from Andhra Loyola College at Vijayawada and subsequently earned an MBA from Ohio University in the United States.〔 After returning to India in 1977, Raju married at the age of twenty two. He ventured into many businesses including Dhanunjaya Hotels, Cotton spinning mill named Sri Satyam Spinning funded by Andhra Pradesh Industrial Development Corporation (APIDC) with an investment of 9 crore (worth almost $7 million in 1983 prices). As the businesses failed Raju moved into real estate and started a construction company named Mytas Infra Limited. 〔(Ramalinga Raju may have defrauded the APIDC )〕
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