SATYAM FOUNDER RAMALINGA RAJU IN THE NET
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Cops produce Raju in court after 18-hrs interrogation
Published on Sat, Jan 10, 2009 at 11:57, Updated on Sat, Jan 10, 2009 at 17:21 in Business section
Tags: Satyam Computers, Satyam Crisis , Hyderabad
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Hyderabad: Satyam's disgraced founder Ramalinga Raju was questioned by the police after his arrest late on Friday night.
Raju, who was arrested along with his brother Rama Raju, in connection with the country's biggest financial fraud of Rs 7,800 crore that he engineered after manipulation Satyam accounts, was interrogated on Friday night and early Saturday morning.
The duo have been produced before a magistrate on Saturday.
Raju also underwent a routine medical check-up.
"Raju complained of chest pain and high blood pressure last night. A team of doctors from Care Hospital came to the office of Director General of Police at around 0300 hrs IST for the check-up as he is a diabetic and hypertension patient," Raju's lawyer Bharat Kumar was quoted as saying by PTI.
Raju has been held under various sections of the IPC and these include - Section 120 B for criminal conspiracy, Section 420 for cheating, Section 468 for forgery for purposes of cheating, and section 471 for falsification of documents which carries punishment of upto seven years.
All these offences are non-bailable. Raju faces a possible punishment of upto seven years.
Bharat Kumar, however, said bail applications will be filed in appropriate court.
Meanwhile, Andhra Police Crime Investigation Department (CID) which is investigating the case has decides against allowing Securities and Exchange Board of India (SEBI) officers to question Raju on Saturday.
SEBI will have to seek permission on Monday to interrogate Raju. SEBI Chairman CB Bhave said that they have given the police team a brief on Satyam.
A team from the Registrar of Companies has also began its investigation into the case.
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Being an employee of Satyam Computers, I would like to bring to the attention of all the people that till
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20 years after Gautama Buddha, that is 464 BC was 7800 crore seconds ago while what is still a huge
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Ramilinga Raju's luck is finally dried. He may be punished under various laws and their section in our
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IN MY VIEW, RAMALINGA RAJU ADMITTED THE TRUTH AND READY TO OBEY THE LAW AND SURRUNDERS HIMSELF, WHAT ELSE YOU
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raju should be hanged
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