Raju’s judicial remand extended till June 24

The judicial remand of ex-Satyam Computer Chairman B Ramalinga Raju has been extended for another two weeks in the multi-crore accounting fraud at the IT co.

Hyderabad, June 10: The judicial remand of former
Satyam Computer Chairman B Ramalinga Raju has been extended
for another two weeks in the multi-crore accounting fraud at
the IT company.

The XIV Additional Chief Metropolitan Magistrate extended
the judicial remand of Raju by 14 days till June 24, after
their remand ended today.

The remand of Satyam`s former MD Rama Raju and ex CFO V
Srinivas, former auditors of Price Waterhouse S Gopalakrishnan
and T Srinivas and three former Satyam employees has also been
extended till June 24.

While three Satyam Computer Services Ltd (SCSL) employees
-- former Vice-President (Finance) G Ramakrishna and former
managers (Finance) D Venkatapathi Raju and Ch Srisailam --
were brought from jail to the court, Raju brothers, V Srinivas
and the former auditors were not produced as they were being
questioned by the Enforcement Directorate at the Chanchalguda
jail here.

Another accused in the case Suryanarayana Raju, who is on
an anticipatory bail, also appeared for the court proceedings,
a CBI counsel said.

Meanwhile, a seven-member team of the Enforcement
Directorate continued to record the statements of Ramalinga
Raju and others at the jail after the court permitted the
agency to question them for eight days from June 9 to June 16,
a senior jail official said.

Bureau Report

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