Andhra Pradesh HC rejects ex-Satyam chief Raju’’s revised petition
January 19th, 2009 - 8:03 pm ICT by ANI
Hyderabad, Jan 19 (ANI): The Andhra Pradesh High Court on Monday rejected a revision petition filed by Satyam Computer Services former Chairman B. Ramalinga Raju against his police custody.
The petition was dismissed by divisional bench comprising Justices Seethapathi and Swarupa Rani.
Ramalinga Raju, his brother Rama Raju and company’’s Chief Financial Officer Vadlamani Srinivas moved the High Court this morning. They were formally taken into police custody for four days and were grilled by Crime Investigation Department (CID) sleuths.
Earlier in the day, a Hyderabad court fixed January 22 as the next date for hearing the bail plea of Ramalinga Raju.
A court also deferred SEBI petition seeking permission to question Ramalinga Raju till the same date.
Police stepped up their investigation into the case, having charged Ramalinga Raju and B. Rama Raju with criminal conspiracy and forgery after Raju admitted profits had been falsified for years and quit.
A case has been filed against Raju under Sections 120-B (criminal conspiracy), 406 (criminal breach of trust), 420 (cheating), 468 (forgery for cheating) and 477-a (fraudulent cancellation of securities) of IPC.
Raju had disclosed a financial fraud in the company to the tune of Rs 7,800 crore by inflating profits and showing fictitious assets where none existed.
The company’’s scrip has fallen nearly 80 per cent since the revelation was made. (ANI)
- Raju''s bail petition hearing today - Jan 19, 2009
- Raju brothers, Srinivas bail plea dismissed - Jan 28, 2009
- Raju''s bail petition hearing on January 19 - Jan 16, 2009
- Ex-Satyam chief Raju files revision petition in Andhra Pradesh HC - Jan 19, 2009
- Ex-Satyam chief Raju''s bail plea hearing postponed till January 22 - Jan 19, 2009
- Hyderabad court defers Raju''s bail plea hearing to Jan 16 - Jan 12, 2009
- Ramalinga Raju''s bail plea hearing today - Jan 16, 2009
- Andhra High Court adjourns hearing on Raju's bail plea - Aug 05, 2010
- Court reserves verdict on Raju's bail plea - Aug 16, 2010
- New Satyam Board to meet today - Jan 12, 2009
- Supreme Court notice to Ramalinga Raju on CBI plea - Oct 01, 2010
- Satyam case: Hyderabad court dismisses bail plea of Raju brothers, Srinivas - Feb 18, 2009
- Five accused in Satyam scam get bail (Lead) - Jul 20, 2010
- Satyam scam: Ramalinga Raju surrenders before trial court - Nov 10, 2010
- Multi-dimensional body to probe Satyam fraud: CBI - Feb 19, 2009
Tags: andhra pradesh high court, b rama raju, b ramalinga raju, bail plea, breach of trust, chief financial officer, crime investigation department, criminal breach of trust, criminal conspiracy, crore, department cid, fictitious assets, financial fraud, forgery, hc, jan 19, petition, police custody, satyam computer services, scrip