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.
A Hyderabad court on Friday ordered the initiation of proceedings against the former directors of Satyam Computers in a case filed by Serious Fraud Investigation Office (SFIO) after separating the trials against B Ramalinga Raju and Ram Mynampati.
Raju, the only Indian on the list dominated by Americans, owes his place on the list to his disclosure in January about committing the country's biggest ever corporate fraud.
The XIV additional chief metropolitan magistrate extended the remand of Satyam founder Ramalinga Raju, his brother Rama Raju, ex-CFO Vadlamani Srinivas, former auditors of Price Waterhouse S Gopapalakrishnan and Talluri Srinivas, and three former employees of the firm till August 5. The accused, who have been lodged in the Chanchalguda jail, were produced before the magistrate.
Satyam Computer's tainted founder B Ramalinga Raju on Wednesday secured bail from the Andhra Pradesh high court, over 17 months after his arrest on charges of allegedly fudging the IT company's accounts.
Hanuma Vihari is eying a Test comeback by capping off the Ranji Trophy season on a strong note.
The XIV additional chief metropolitan magistrate extended the judicial remand of all 10 accused of the multi-crore Satyam scam to February 3.
The special court, hearing the Rs 7100-crore (Rs 71-billion) financial scam, wants to examine all accused in the case over charges mentioned against them by the CBI.
Bharat Kumar, counsel for Ramalinga Raju, urged the court to grant the bail to his client on health ground and also to enable him to defend himself in various cases slapped against him by various investigating agencies including Securities and Exchange Board of India, Serious Fraud Investigation Office, Enforcement Directorate.
A team of doctors led by Dr Seshagiri Rao, head of cardiology at the Nizam's Institute of Medical Sciences (Nims), conducted the angioplasty. Angioplasty is a technique in which the obstructed blood vessel is widened. According to Dr Rao, two stents have been put in. His condition is stable.
The CBI had, on April 25, appealed to the XIV additional chief metropolitan magistrate to allow the agency to conduct forensic tests on the trio as a step-in-aid in investigation.
Official sources said while about 285 property were attached by the ED through an order in August, the agency is now probing the financial trail of many other properties which have been linked to Raju, his relatives and others.
Of the 10 accused in the case, B Suryanarayana Raju, who is Raju's brother, and T Srinivas, a former auditor of PricewaterhouseCoopers, had been granted bail by different courts earlier.
The Supreme Court on Tuesday has allowed market regulator Sebi to begin interrogation of Satyam Computer founder B Ramalinga Raju and his brother Rama Raju in connection with the Rs 7,800-crore (Rs 78 billion) accounting fraud in the IT company.
The Central Bureau of Investigation, investigating the financial scam at Satyam Computer Services, is finding it difficult to crack the content of the two laptops that belong to the company's founder, B Ramalinga Raju. It is now sourcing special accessories to unearth the data stored in them.
The scam-hit Satyam Computer founder B Ramalinga Raju, brother Rama Raju and ex-chief financial officer Srinivas are in 'protective custody', former Securities and Exchange Board of India chief M Damodaran said in Ahmedabad on Saturday.
Disillusioned with the 'politics' in South African cricket administration, Brian McMillan decided to stay away from the game.
'Yeh kahani maine shuru ki thi, Laltu se! Isey khatam bhi main hi karunga... apne Ullu de patthon ke saath.'
Describing the scam as 'unique', a CBI spokesman said the case has been registered against Raju, the company's erstwhile directors and its auditor under various sections of the Indian Penal Code relating to forgery and cheating. CBI has constituted a Multi-disciplinary Investigation Team headed by deputy inspector general V V Lakshmi Narayana which will be headquartered in Hyderabad to undertake a thorough probe, the spokesman said.
The ambitious plans of another charity of the Satyam founder, the Health Management Research Institute, in partnership with the Andhra Pradesh government, are under scrutiny.
By giving himself over to the police, Satyam Computer's former chairman B Ramalinga Raju may have pre-empted an extradition to the United States, where several lawsuits have been filed against him, says a section of legal experts.
The 6th Metropolitan Magistrate M Ramakrishna passing the orders on a petition of the Crime Branch-CID of Andhra Pradesh Police on Saturday remanded them to the CID's custody for four days, starting from Sunday.
Byrraju Foundation, the non-governmental organisation set up by Satyam Computer Services founder B Ramalinga Raju and his family, was left orphaned in January 2009.
Stars get in a festive mood on social media, as they celebrate Makar Sankranti, Pongal and Lohri.
The Gujarat high court on Monday said it does not have faith in the state machinery which gets into action only after innocent lives are lost, as it pulled up the Rajkot civic body over the purported lapses in functioning of the game zone facility where a massive fire killed 27 persons.
rediffGURU Dr Vinod Kumar, a consultant kidney health specialist at Aster RV Hospital, Bengaluru, offers advice to improve the health of your kidneys.
The apex court, however, agreed to give an early hearing to their pleas and issued notice to CBI for November 3, after the Diwali break.
Former Chief Financial Officer Vadlamani Srinivas has also filed a bail plea in the court.
Raju has vast experience of dealing both with routine crime investigations and terror related policing.
There are very few takers for B Ramalinga Raju's astounding claim that the margin earned by Satyam in the quarter ended September 2008 was just 3 per cent, and not 24 per cent as reported in the results.
The Supreme Court said on Friday keeping activist Gautam Navlakha under house arrest in the Elgar Parishad-Maoist link case further will set a "wrong precedent" and directed the National Investigation Agency (NIA) to apprise it of his current medical condition and the stage of trial.
If Tamil Nadu voters preferred the DMK combine, it owed to the Modi-Annamalai combo's ideological battle which often crossed the line of political decency and also challenged 'Tamil pride', argues N Sathiya Moorthy.
The ED had arrested Kejriwal on March 21, hours after the high court refused to grant him protection from coercive action by the federal anti-money laundering agency.
The Supreme Court on Wednesday asked the Enforcement Directorate (ED) to explain why the political party (Aam Aadmi Party) which was allegedly the beneficiary of the Delhi Excise Policy 'scam', has not been made an accused in the money laundering case.
Defence Minister Rajnath Singh met the Indian Army's senior-most generals before he addressed the Army Commanders' Conference at the Manekshaw Centre in New Delhi on Wednesday, October 18, 2023.
The Supreme Court bench comprising Justice Deepak Verma and Justice Dalbeer Bhandari issued notices to the five accused on a petition filed by CBI.
The Supreme Court ruling rejecting the legality of narcoanalysis, brain mapping and polygraph tests if they are done without the consent of suspects, could bring reprieve for Satyam Computer Services founder B Ramalinga Raju and two of his associates.
ED filed a bulky prosecution investigation report before the XXI Additional Chief Metropolitan Magistrate cum Special Sessions Judge here today seeking to "prosecute the accused for the offence of money laundering" under the Prevention of Money Laundering Act.
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