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Netflix Releases 'Riding the Tiger,' Ending 5-Year Block on Satyam Episode

The long-delayed film revisits Ramalinga Raju’s 2009 confession to spotlight governance failures at Satyam.

Overview

  • The Hyderabad City Civil Court imposed an interim injunction on 4 September 2020 that halted the episode, and its release now effectively closes the civil dispute even as it is not immediately clear if the stay was formally vacated.
  • The episode completes the four-part Bad Boy Billionaires: India series nearly five years after the other installments premiered.
  • Raju’s confession detailed overstated cash of more than $1.5 billion (around ₹7,000 crore), fabricated revenues and bank statements, and a roster padded with 13,000 non-existent employees.
  • Interviewees recount systemic lapses such as weak internal controls, over-reliance on management disclosures, and audit failures that left falsified bank confirmations unchallenged.
  • Following the 2009 admissions, authorities stabilized Satyam before its sale to Tech Mahindra, and courts later convicted Raju and associates, resulting in prison sentences.