Satyam’s Ramalinga Raju, brother arrested (Lead)
January 10th, 2009 - 12:44 am ICT by IANS
Hyderabad, Jan 9 (IANS) The Andhra Pradesh police Friday night arrested disgraced former founder-chairman of Satyam Computers B. Ramalinga Raju and his brother and former company managing director B. Rama Raju.The Criminal Investigation Department (CID) of the state police arrested Ramalinga Raju and Rama Raju on charges of “criminal breach of trust, criminal conspiracy, cheating, falsification of records and forgery”, Director General of Police S.S.P. Yadav told IANS.
The two brothers accompanied by their lawyer S. Bharat Kumar reached the state police headquarters and surrendered before the police. They were interrogated by CID personnel for some time before being arrested.
Their move came after a criminal case was registered against them by the CID in the Rs.70 billion financial fraud in the company.
The case was registered under the Indian Penal Code (IPC).
The police are likely to produce them before a magistrate Saturday morning.
Raju quit as chairman Wednesday while admitting that the company cooked its books resulting in an “inflated (non-existent) cash and bank balances” over several years. His brother Rama Raju has also quit as managing director.
- Satyam Raju, brother arrested - Jan 10, 2009
- Satyam's Ramalinga Raju, brother arrested for cheating (Second Lead) - Jan 10, 2009
- Five accused in Satyam scam get bail - Jul 20, 2010
- Satyam's Ramalinga Raju surrenders before Andhra police chief - Jan 10, 2009
- Ramalinga Raju, brother to be produced in court - Jan 10, 2009
- CID grills Ramalinga Raju, brother (Lead) - Jan 10, 2009
- Satyam's Ramalinga Raju, two others get bail - Nov 04, 2011
- Former Satyam chief Raju gets bail (Second Lead) - Aug 18, 2010
- Supreme Court notice to Ramalinga Raju on CBI plea - Oct 01, 2010
- Satyam scam: Ramalinga Raju surrenders before trial court - Nov 10, 2010
- Five accused in Satyam scam get bail (Lead) - Jul 20, 2010
- Former Satyam chief Raju gets bail (Lead) - Aug 18, 2010
- Court reserves verdict on Raju's bail plea - Aug 16, 2010
- Satyam fraud case: Supreme Court rejects Ramalinga Raju's plea - Nov 09, 2010
- Satyam saga: Court extends judicial custody of Raju, others, to Feb 7 - Jan 31, 2009
Tags: b ramalinga raju, bharat kumar, breach of trust, criminal breach of trust, criminal conspiracy, criminal investigation department, criminal investigation department cid, indian penal code, satyam computers, state police headquarters