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World Business Report

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The latest business and finance news from around the world from the BBC

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WBR: Satyam former boss jailed for seven years 09 April 2015

April 9th, 2015

Episode 286 of 899 episodes

Indian technology giant Satyam Computers collapsed in 2009. After a fraud case lasting 6 years former CEO, B Ramalinga Raju has been found guilty of overstating profits, falsifying accounts and forging documents. He was sentenced to seven years in prison along with 9 other senior figures - we hear from our correspondent in Mumbai. HSBC faces another investigation into its tax affairs, this time by French authorities. Greece has met today's deadline to repay $500 m of debt to the IMF. With more than $250bn still outstanding, we ask how realistic the repayments schedule is. Hugo Dixon, Editor-at-Large with Reuters News has been following the story. The strength of the US dollar has been good for imports, but America's exporters are starting to suffer. Our regular commentator, economist Irwin Stelzer explains how worrying the strong dollar is for the US. And a play about the life of former US President Bill Clinton opens on Broadway. We hear from Paul Hodge who wrote the music and lyrics.

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