25 lawyers to defend former Satyam officials (Lead)

January 12th, 2009 - 5:41 pm ICT by IANS  

Ramalinga RajuHyderabad, Jan 12 (IANS) A battalion of 25 lawyers will defend disgraced former chairman of Satyam Computer Services B. Ramalinga Raju and two other accused in the Rs.70 billion ($1.43 billion) fraud case.This was announced by their lawyer S. Bharat Kumar Monday soon after a court adjourned the hearing on the bail petition of the disgraced former top brass of the company to Friday.

The court also adjourned the hearing on the petition of the Crime Investigation Department (CID) seeking their custody and another petition by market regulator Securities and Exchange Board of India (SEBI) seeking permission to question them for the massive fraud.

Additional Chief Metropolitan Magistrate D. Ramakrishna adjourned the hearing on all the three petitions to Friday.

Satyam’s founder and former chairman B. Ramalinga Raju, his brother and former managing director B. Rama Raju and former chief financial officer Vadlamani Srinivas were remanded to judicial custody till Jan 23. They have been kept at Chanchalguda Central Jail here.

Bharat Kumar told reporters outside the Nampally Metropolitan Court Complex that the judge adjourned the hearing to allow Ramalinga Raju to file a counter to the SEBI petition.

“The court has granted us time to file to the counter,” he said. Counsel also opposed the CID petition for Raju’s custody, saying he was not well.

The lawyer announced that a team of 25 lawyers would take up the case before the court.

“I will be the face and voice of the team, which comprises eminent and senior lawyers,” he said but declined to give names.

Related Stories

    Posted in Uncategorized |