A caste survey conducted in Telangana reveals that certain communities, such as Iyengers/Iyers, report the highest rates of inter-caste marriages, indicating a weakening of social barriers and increased social mobility.
One of the Rajus, chairman of non-banking finance company Nagarjuna Finance, K S Raju, was arrested for defaulting on repayments of public deposits worth around Rs 100 crore (Rs 1 billion).
Ironically, the laws of the land seem to have given him breathing time from the interrogation of various investigation agencies, which plunged into action soon after the Rs 7,800 crore (Rs 78 billion) scam was exposed.
The hearing was postponed today because the defence lawyers could not reach the court on time. However, Nalini Kumar, the high court lawyer for Satyam's former CFO Vadlamani Srinivas, concluded his argument stating that his client will always co-operate with investigating agencies if he is released on bail. Srinivas is in judicial remand, along with the Raju brothers, since last month.
The magistrate also sent Gopalakrishnam Raju, general manager of SRSR Holdings, to judicial remand till February 7 after the two-day police custody ended on Sunday. The police took him under custody for questioning about the land transactions of the Raju brothers. K Ravinder Reddy, his counsel, said that he would move a bail petition on Monday.
Disgraced Satyam founder B Ramalinga Raju, his brother Rama Raju, and IT firm's former CFO Vadlamani Srinivas moved their bail applications in the IV Additional Metropolitan Sessions judge in the Nampally criminal court complex. Their bail pleas were rejected by the designated court for CBI (XIV Additional Chief Metropolitan Magistrate).
Satyam Computer Services founder B Ramalinga Raju, ex-CEO B Rama Raju and ex-CFO Vadlamani Srinivas in window-dressing the company's accounts, according to the remand case diary filed by the Economic Offences Wing of the Andhra Pradesh Crime Investigation Department.
December 16, 2008 is a day two high-profile corporate honchos from Andhra Pradesh will not forget in a hurry.
IL&FS, which, along with IFCI and Sicom, had extended loans to the Raju family against shares of Maytas Infra, has asked the government to supersede the board of the Hyderabad-based company.
A five-member Sebi team arrived at the Chanchalguda Central Prison in Hyderabad on Wednesday to quiz Satyam Computer founder Ramalinga Raju and his brother and former Managing Director Rama Raju regarding the Rs 7,800-crore (Rs 78 billion) financial fraud in the IT firm.
At the end of seven-day custody of the accused, the CBI counsel informed the designated court that the agency is yet to complete the interrogation and wanted two more days of their custody.
The Andhra Pradesh government on Monday gave a version on Ramalinga Raju and Rama Raju's arrests, which contradicts what Chief Minister Y S Rajasekhara Reddy said.
In the coming days, other lenders are expected to initiate similar steps to recover their dues from the company, which is facing the prospects of a change of management. IFCI executives said that the company revoked the guarantee earlier this month to recover its dues amounting to Rs 95 crore from Maytas Infra.
'There was a revolt. They were fighting for their rights.' 'They lost their rights after colonial forest policies came into place.' 'These freedom fighters were trying to reassert those rights.'
A mix of industrialists and businessmen, who have inherited riches or rose from humble backgrounds and even endured boom and bust cycles, the top five MPs are illustrative of how the political stock of the wealthy is increasing rapidly.
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