Income Tax - Satyam Ramalinga Raju's kin convicted
THE Special Judge for Economic Offences, Hyderabad yesterday convicted close relatives of Satyam Ramalinga Raju including his wife and two sons, his brothers and their spouses. They were all directors of companies that entered into agreements with MAYTAS Properties and charged with evasion of income tax varying from Rs. 93 lakhs to Rs. 2.3 Crores. The men were sentenced to one year rigorous imprisonment while the women were awarded six months. The Judge stayed the sentence for one month for the convicted to appeal.