Ramalinga Raju, his brother Rama Raju and six other accused were produced before the in-charge judge of XVI additional chief metropolitan magistrate, subsequent to which their judicial custody was extended till June 10. Satyam accused are lodged in Hyderabad's Chanchalguda jail.
Besides the Raju brothers, the CBI would be quizzing Satyam's former CFO Vadlamani Srinivas and audit house Price Waterhouse's partners S Gopalakrishnan and Talluri Srinivas in connection with the Rs 7,800 crore (Rs 78-billion)accounting fraud at Satyam Computer.
Counsel for Satyam Computer's founder B Ramalinga Raju on Wednesday objected to the manner in which market regulator Sebi was conducting the interrogation, saying his client was not allowed to have any legal assistance, and also threatened to challenge the process in the Supreme Court.
Market regulator Sebi is seeking the Supreme Court's permission to interrogate Satyam's disgraced founder Ramalinga Raju and his brother Rama Raju in connection with the Rs 7,800-crore fraud in the IT company.
In a sensational disclosure, a public prosecutor has told a local court in Hyderabad that the disgraced chairman of Satyam Computer Services B Ramalinga Raju had not only inflated the number of employees by thirteen thousand but also used the fictitious numbers to mint money.
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.
The Indian National Developmental Inclusive Alliance (INDIA) gave a huge blow to the ruling Bharatiya Janata Party-led National Democratic Alliance by winning 43 seats out of total 80 Lok Sabha seats of Uttar Pradesh, as per the Election Commission.
The latest penalties for insider trading follows an earlier disgorgement order passed by Sebi in July last year.
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.
Ramanathan Raju, a medical doctor who brings more than 30 years of experience in public and not-for-profit hospital systems, was on Tuesday appointed the commissioner of Health and Hospitals Corporation by New York City Mayor Bill de Blasio.
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.
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 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.
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.
The Hindi dubbed (badly) version of the Tamil hit Aranmanai is out, and it turns out to be lengthy, noisy and mostly tedious, observes Deepa Gahlot.
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.
Nothing is going to change in a hurry unless attitudes change and punishments are speedy and fair, notes Ramesh Menon.
Out of the sitting MPs with serious criminal cases against them, nine face murder cases. The analysis revealed that five of these MPs belong to the BJP.
Charges against Raju and others include criminal conspiracy and forgery.
Fans just can't keep calm as Shah Rukh Khan's new release Dunki hits theatres on December 21.
Overall this is the eighth charge sheet filed by the ED in this case in which it has arrested 18 people so far. Last week, a similar complaint was filed by the agency against BRS leader and former Telangana chief minister Chandrashekar Rao's daughter K Kavitha and four others.
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.
The Supreme Court on Tuesday questioned the CBI over not objecting to repeated extension of the two-week interim bail granted in January this year to former ICICI Bank CEO-cum-MD Chanda Kochhar and her businessman husband Deepak Kochhar in a loan fraud case. A bench of Justices Aniruddha Bose and Bela M Trivedi asked Additional Solicitor General SV Raju, appearing for the CBI, as to why the probe agency did not resist repeated extension of interim bail granted to them by the Bombay high court on January 9. "This order is of January 9 and interim bail was granted for only two weeks. Why have you not resisted? Why are you permitting it to continue for such a long period?
The high court directed the state government to "immediately implement" its Tuesday's judgement to transfer a case on the attack on Enforcement Directorate (ED) officials at Sandeshkhali to the CBI and hand over custody of the main accused Sheikh to the central agency.
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.
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.
A team of CBI officials reached CID headquarters Bhawani Bhawan in Kolkata before 4 pm. But the handover from the state agency took place at around 6:48 pm, despite the Calcutta high court setting a deadline of 4.15 pm.
Dulquer may be good looking but how long can you watch him with a cigarette in his mouth, giving that deadpan expression, wonders Divya Nair.
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.
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.
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.
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.
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