Raju Srivastav says, "I have been approached by Uttar Pradesh Congress Committee President Rita Bahuguna to contest from Allahabad-Phulpur and she has also briefed me about the demography of the constituency." "I was shocked when I first heard about the offer. I thought it was another joke, better than the ones I crack. But I was told that it was a serious offer and I should consider it seriously," the 45-year-old stand-up comedian told PTI in Mumbai on Sunday.
In an open defiance, Union Minister M M Pallam Raju on Wednesday questioned the government's hurry to push the Telangana bill and said Prime Minister Manmohan Singh's disapproval of disruptions in Parliament was not "fair".
The CBI charges in the accounting fraud pertain to conspiracy, cheating, forgery, falsification of records and causing disappearance of evidence. There is no charge of misappropriation of funds. Of the Rs 715 crore made, Ramalinga Raju got Rs 27.91 crore and his brother and Satyam's former managing director, B Rama Raju, got Rs 26.68 crore, in the form of gifts from family, said the CBI. Besides, the Satyam founder 'offloaded the shares and received Rs 26,67,97,198.'
Breaking his silence on the embarrassing developments over the last two weeks, Raju said in an open letter to employees that 'please be assured that the Board and the leadership team are doing everything that's possible to get Satyam back on track'.
"Are we not giving a picture that there is no other person and the entire department is full of incompetent people?" a bench headed by Justice B R Gavai told Solicitor General Tushar Mehta.
The Nagarjuna group incorporated NFL as an NBFI and accepted fixed deposits with a minimum amount of Rs 5,000 for periods of 12, 24, 36 and 54 months by promising an interest rate of 14, 14.25, 15.5 and 18.5 per cent respectively. It collected deposits of Rs 98.3 crore from 85,160 depositors for the year 1997-98. Deposits of 16,122 depositors amounting to Rs 23.02 crore matured on December 31, 1999. But the company defaulted on repayment of the matured deposits.
Satyam founder Ramalinga Raju was honest at least about his dishonest dealings, with CBI finding that balance sheets were inflated by Rs 5,020 crore (Rs 50.20 billion) almost the same amount disclosed by the former IT posterboy.
The Fourteenth Additional Chief Metropolitan Magistrate has granted permission to the Enforcement Directorate, a central government wing, to record the statements of the accused in the Satyam scam from June 9 to 16.
Diwali always means special for the theatrical business in India.
The Supreme Court on Tuesday asked the Bihar government to put in the public domain the break-up of the caste survey data to enable those aggrieved to challenge the findings.
Despite its success, EMRI is as much under a cloud today as its founder Ramalinga Raju, with a public interest litigation in the Supreme Court questioning the way he got 12 state governments to implement it and reimburse 95 per cent of its expenses. The key issue is that the states entrusted Rs 18 billion annually (if 10,000 vans are to run in all the states by next year) to a private company without going through a transparent selection procedure.
Raju need not fear ostracism once he's out - society will embrace him. Size is a national obsession. Indians have stashed away more than anyone else -- a noble $1,456 billion -- in Swiss banks. We thrive on superlatives. Even Jawaharlal Nehru rejoiced in the Suratgarh farm being "the biggest farm in Asia".
Former Congress leader Jagdambika Pal on Wednesday joined the Bharatiya Janata Party along with stand-up comedian Raju Srivastava.
A case under sections 307 (attempt to murder), 364 (kidnapping) and other relevant provisions of the Indian Penal Code and the Scheduled Caste and Scheduled Tribe (Prevention of Atrocities) Act has been registered, the official said.
After making Ramalinga Raju and the iconic IT firm he founded the butt of jokes, a bunch of trigger-happy IT whiz-kids have created a game 'Nail The Thief' where players are asked to hit the tainted Satyam founder with rotten eggs and win an iPod! Within days of its launch, the game has already been played more than 100,000 times, with a few playing it over and over again, as per the information on the website of the game.
Based on a private complaint filed under Section 200 of the CrPC by Raghavendra Raju, the judicial officer "acted in undue haste" without conducting any preliminary enquiry and without recording the statement of the complainant, the high court said.
The high court made it clear that Sisodia shall not interact with media or any other person except his family members, and also not access phone or internet.
Deepu Kumar (27) was expecting his first child in June but his life was cut short in a terror attack in south Kashmir's Anantnag district, leaving his poor family without its sole breadwinner.
A local court on Friday adjourned the case of examination of former Chairman of Satyam Computers B Ramalinga Raju through a questionnaire and nine other accused in the multi-crore accounting fraud in the IT firm to July 26.
The Supreme Court on Wednesday directed activist Teesta Setalvad and her husband Javed Anand to cooperate with the Gujarat Police in connection with a case filed against them over alleged misappropriation of funds.
Mishra was accused of sharing Pal's location from a Prayagraj court before the latter along with two policemen was shot dead on February 24.
A Supreme Court ruling that termed narco and polygraph tests on accused persons "illegal and a violation of fundamental rights" if conducted without their consent could turn out to be a boon for B Ramalinga Raju.
Five people in Andhra Pradesh's East Godavari district were killed after a jeep that was part of a convoy of Minister of State for Defence M M Pallam Raju hit an autorickshaw on Thursday afternoon.
A video of the incident which occurred at around 6:25 AM shows a cow darting towards the road when it was hit by the vehicle carrying Ahmed. The cow fell near the road divider. After the incident, the vehicle stopped for a while before resuming the onward journey.
A round-up of the Ranji Trophy matches played on Monday.
As heavy rains continued to batter Kerala, landslides and flooding were reported from many parts of the state, especially its southernmost district of Thiruvananthapuram, which was severely affected by waterlogging in several areas on Sunday.
In a big relief to activist Teesta Setalvad, the Supreme Court on Wednesday granted her regular bail in a case of alleged fabrication of documents to frame innocent people in the 2002 post-Godhra riot cases while terming as "perverse" and "contradictory" the Gujarat high court order denying her bail.
Divya Nair lists 2023's Malayalam movies that can be enjoyed by all ages.
Justice Dinesh Kumar Sharma allowed Sisodia to withdraw the interim bail applications.
The government said on Wednesday that Satyam Computer Services' disgraced founder Ramalinga Raju created a network of about 300 companies and diverted funds from one company to another in a complex but carefully planned process. Speaking to Karan Thapar on the CNN-IBN news channel, Gupta said, "Our information is that there was a network of almost 300 compnaies and funds were diverted from one company to (another) and then to (a) third."
In the country's biggest corporate fraud involving about Rs 8,000 crore (Rs 80 billion), iconic IT company Satyam was today hurtling towards disaster following the shocking disclosure of accounts fudging by its founder Ramalinga Raju, who then quit as chairman - leaving an uncertain future for the company and its 53,000 employees.
Satyam Computer on Monday sank deeper into a crisis with two more directors quitting the board and the company announced that lenders were possibly selling promoters' equity that is entirely pledged with them.
Sreeleela will star in the actor's 12th film, tentatively titled VD 12, and he posted pictures from its pooja ceremony.
Umesh Pal, the prime witness in the 2005 murder of Bahujan Samaj Party MLA Raju Pal, was shot dead outisde his residence in Prayagraj, the police said.
While 39 members of the all-important panel are general members, it has 32 permanent invitees, including some in-charges of state and 13 special invitees.
Apart from these six deaths, 22 others died of heart attacks in the state during this period.
Severe cyclonic storm Michaung crossed south Andhra Pradesh coast close to Bapatla district between 12.30 pm and 2.30 pm on Tuesday with maximum gales of up to 90-100 km per hour speed, said an Amaravati Meteorological Centre official.
The Uttar Pradesh police on Monday gunned down one of the accused in the sensational February 24 killing of a prime witness in the 2005 murder case of then Bahujan Samaj Party MLA Raju Pal in an encounter in Prayagraj.
Mynampati, who is now being questioned by the team of market regulator SEBI, got a total package of over Rs 3.5 crore (Rs 35 million) during the year ended March 2008, while founder and Chairman had to contend with just about one fifth.
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