Satyam fraud case: Supreme Court rejects Ramalinga Raju’s plea

November 9th, 2010 - 6:10 pm ICT by ANI  

Ramalinga Raju New Delhi, Nov 9 (ANI): The Supreme Court on Tuesday rejected the plea of former Satyam chairman B. Ramalinga Raju, seeking extension of tomorrow’s deadline for his surrender.

The apex court had earlier cancelled Raju’s bail and directed him to surrender by November 10.

However, Raju had moved an application seeking extension of this deadline to surrender citing poor health.

The application did not mention as to how much time he needed to surrender. Raju had merely sought reasonable extension.

Raju, the founder of Satyam was arrested in January 2009 for one of India’s biggest corporate scams, worth more than 7000 crore.

The apex court had earlier on October 1 issued notice to Raju on a petition by the CBI seeking cancellation of his bail granted by the Andhra Pradesh High Court.Raju was granted bail by the Andhra High Court in August.The CBI believes that Raju may try to tamper with evidence against him and influence witnesses.He has been charged under various sections of the Indian Penal Code including Section 120B for criminal conspiracy, under Section 409 for breach of trust, under Section 420 for cheating, and under Section 468 and Section 471 for forgery.Andhra Pradesh Police arrested Raju and his brother Rama Raju on January 9, 2010. Nine other accused, including top company officials and auditors, were also arrested in the case. (ANI)

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