in which he had inflated the company's cash assets by over $1 billion. In a letter to the Securities and Exchange Board of India, he explained that "what started as a marginal gap between actual operating profit and the one reflected in the books of accounts continued to grow over the years ... It has attained unmanageable proportions as the size of the company operations grew significantly". In 2015, Raju was sentenced to seven years in jail and fined about $800,000. See also Patni Computer Systems IGATE Capgemini References External links Official website The Official Corporate Website for Satyam Computer Services Mahindra Satyam repositioned as an ICT firm Are there more Satyam's in making? BusinessWeek profile The rise and fall of Satyam Raju's Statement – Scanned Copy – "Satyam CEO's Letter to its board of directors" – Hyderabad, India, 7 January 2009 Defunct companies of India Software companies established in 1987 1987 establishments in Andhra Pradesh Indian companies established in 1987 Companies based in Hyderabad, India Software companies of India