The hearing of the forgery case filed by British mobile solution firm Upaid against Satyam Computer Services is not scheduled for hearing during this week. This means no Satyam official -- neither B Ramalinga Raju who stepped down as its chairman after admitting to a financial fraud nor any other top executive -- is in the US for the case. When contacted, a Satyam spokesperson confirmed the development and added that Raju was 'very much' in Hyderabad.
Satyam's disgraced chairman B Ramalinga Raju has been removed from all key positions in the apex industry body, CII, following his disclosure of a multi-billion dollar fraud in India's fourth largest IT firm.
Earlier during the day, the Andhra Pradesh chief minister Y S Rajasekhara Reddy told reporters in Delhi that a CB-CID enquiry will be ordered into this 'mind-boggling' fraud, immediately. According to official sources, the CB-CID would take up the investigation only when a Government Order is issued in this regard.
A local court on Saturday extended the judicial custody of Ramalinga Raju, his brother and former managing director Rama Raju and former chief financial officer Vadlamani Srinivas till February 21.
A local court in Hyderabad on Thursday extended the police custody of disgraced former chairman of Satyam Computer B Ramalinga Raju by one more day. The 6th Additional Chief Metropolitan Magistrate Ramakrishna also extended the police custody of former chief financial officer Vadlamani Srinivas by one more day.
The Enforcement Directorate in October last year had filed the complaint against Raju and 212 others, including 166 companies, before the XXI Additional Chief Metropolitan Magistrate Court cum Special Sessions Judge here for allegedly laundering funds under a 'corporate veil' to perpetrate the accounting scam that rocked the business world in 2009.
A Securities and Exchange Board of India (SEBI) team probing a financial fraud in Satyam Computer on Friday reached founder Ramaling Raju's house here, but returned as the premises was locked.
It took the man from Bhimavaram over two decades to become the posterboy of India's Information Technology industry and less than two weeks to turn into the rogue who personifies all that is defective with the country's outsourcing industry. The former entrepreneur icon's plans started falling apart when he tried to acquire two companies promoted by his family for $1.6 billion.
Ramalinga Raju's lawyer S Bharat Kumar told the media after his meeting with the Sebi officials that he had sought three day's time for Raju's appearance but they granted time only till tomorrow
The team first went to Raju's house for an inspection, but returned on finding it locked. It had earlier issued summons for him to appear before the team.
The application moved by the Securities and Exchange Board of India to record the statements of Ramalinga Raju was also deferred to January 16 by the court.
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As a 'C' class prisoner Raju would be eligible for 650 grams of rice thrice a day and 250 grams of vegetable curry and 125 grams of dal.
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"Why are our jails overcrowded? Why is the the policy of remission being applied selectively?"
Charges against Raju and others include criminal conspiracy and forgery.
This will be the first time the BJP has got more seats than Chief Minister Nitish Kumar-led JD-U in Bihar, underscoring the change in their equations after they joined hands a few months back.
'It is necessary to have a person at the top who can make strict decisions without hesitation. Modiji has done that.'
Vasthaadu Naa Raju sees Vishnu in a new avatar and Taapsee in a glam role. But the film offers the usual commercial fare with nothing new in the plot.
While Wadiyar, scion of the erstwhile Mysuru royal family, is making his political debut from the Mysore Lok Sabha segment, Lakshmana is state Congress spokesperson and Chief Minister Siddaramaiah's confidant.
Praising Ravichandran Ashwin for becoming the No. 1 Test bowler in the ICC rankings, former spinner Venkatapathi Raju says his wicket-taking ability is amazing and he does not have to do anything different to remain a match-winner. "He (Ashwin) has got fantastic variations and he adopts himself in three formats of the game which is difficult. I think, in between he tried something which did not click and he came back to his own bowling.
A bench comprising Justice Pinaki Chandra Ghose and Justice Amitava Roy, while allowing the plea of the Pooja Pal, wife of slain leader, asked the probe agency to conclude the probe in the case preferably within six months.
The probe agency has challenged the high court decision contending that Raju, who was the Chairman of the company, may influence the witnesses majority of whom are his former employees.
However, there were conflicting reports about the number of blasts as state ministers VN Vasavan and Antony Raju said there were two blasts, while Congress MP from Ernakulam, Hibi Eden, said there were multiple blasts according to one of his friends who attended the convention.
He had moved an application in this regard on account of bad health and ongoing family settlement.
B Ramalinga Raju, the founder of Satyam computers and main accused in the Satyam accounting fraud case, appeared before a local court for the second time on Thursday after being granted bail by the Andhra Pradesh High Court.
M M Pallam Raju, who has been allocated the human resources and development portfolio, on Sunday said he will carry forward the "good work" initiated by his predecessor Kapil Sibal, who set in motion several reforms during his tenure.
A court in New Delhi on Thursday extended the Enforcement Directorate custody of Delhi Chief Minister Arvind Kejriwal till April 1, saying the agency provided 'sufficient reasons', such as the need for him to be confronted with material collected and statements recorded, to permit his further custodial interrogation.
B Ramalinga Raju, the prime accused in the Satyam multi-crore accounting scam, is likely to surrender before a local court on November 10, the deadline set for him by the Supreme Court, after it cancelled his bail.
Terming the Armed Forces Special Powers Act as an 'essential instrument,' Minister of State for Defence M M Pallam Raju on Tuesday said the army was being 'demonised' and made a 'scapegoat' in Jammu and Kashmir affairs which are mainly linked to the peoples' 'aspirations.'
Both tested positive for banned substances at the Commonwealth Games.
Ramalinga Raju, former chairman of Satyam Computers, who last year confessed to have inflated his company's assets by over $1 billion, was declared a pauper by a New York court exempting him from paying court costs.
The Bharatiya Janata Party surprised many with its latest list of Lok Sabha candidates for West Bengal, nominating a protester from Sandeshkhali for the Basirhat constituency and changing the seats of its two incumbent MPs -- the party's former state chief Dilip Ghosh and ex-Union minister Debasree Chowdhury.
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Three security personnel suffered injuries in the fierce gun-battle and a large quantity of weapons was also recovered from the spot, the state police said.
The 55-year-old prime accused in the multi-crore scam is suffering from Hepatitis-C and is undergoing treatment at the Nizam's Institute of Medical Sciences in Hyderabad.
The CBI counsel argued that if Raju and Srinivas were permitted to operate laptops they could get access through wireless internet to anybody and destroy the evidence of prosecution.
Disgraced Satyam Computers founder B Ramalinga Raju, the prime accused in the multi-crore financial fraud in the IT firm, on Thursday moved the Supreme Court pleading that he be released on bail.
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