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Raju may have left for US for Upaid case

January 07, 2009 21:01 IST

Amid speculation over his whereabouts, B Ramalinga Raju, who stepped down as chairman of Satyam [Get Quote] Computer after admitting to financial irregularities, is believed to have left for the United States in connection with a court case.

Speculation mounted when a TV channel reported late on Wednesday that Raju may have gone to Dubai. "We have no idea of where Raju is," a Satyam spokesperson told PTI over phone when asked if he had left for the US in connection with a case filed by a British Telecom solution firm Upaid.

Raju was also not reachable on his mobile phone despite several attempts, but police sources said that Raju left for Texas on Wednesday morning from the Hyderabad Airport.

Earlier in the day, Andhra Pradesh Chief Minister Y V Rajasekhara Reddy had said that he would refer the Satyam matter to CB-CID for investigation.

Upaid had filed a petition in Texas seeking details of the $1.6 billion acquisition of two Maytas firms, promoted by Raju's family, before Satyam dumped the deal after attack from investors.

In its petition, Upaid had demanded presence of Raju and senior directors of Satyam for questioning by its lawyers.



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