Ramalinga Raju, 4 others sent to CBI custody

March 9th, 2009 - 10:00 pm ICT by ANI  

Hyderabad, Mar 9 (ANI): A city court on Monday sent Satyams founder B. Ramalinga Raju, his brother Rama Raju and three others to Central Bureau of Investigation (CBI) custody for seven days from Tuesday.

The CBI would also be quizzing the companys former Chief financial officer (CFO) Vadlamani Srinivas and audit house Price Waterhouses partners S. Gopalkrishnan and Talluri Srinivas in connection with Satyam-fraud case.

Pronouncing the orders the Fourteenth Additional Chief Metropolitan Magistrate S. Samuel Victor Emmanuel directed the CBI to question the accused between 10 a.m. and 5 p.m. in the presence of their lawyers.

On Friday, a local court had reserved its order for today after hearing the arguments of CBI counsel and defence lawyers.

On March 3, the CBI had filed a petition seeking seven days custody of Raju brothers, former Satyam CFO V. Srinivas and the two sacked auditors of PwC, which audited Satayms accounts.

All the five are in judicial remand now and are lodged in Chanchalguda jail.

On February 20, the CBI had constituted a multi-disciplinary investigation team for the probe.

On January 7, Ramalinga Raju confessed to fraudulent manipulation of accounts over several years by inflating the companys profits and assets. (ANI)

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