New Delhi: The Supreme Court granted bail to former Satyam CEO B Ramalinga Raju and two others on Friday. Raju has been in jail for two years and eight months. He was arrested in connection with the multi-crore accounting fraud involving Satyam. The apex court had on October 12 granted bail to five other accused in the case. The former Satyam employees, who were granted bail, are its former Internal...
01:12 PM, Nov 04, 2011
New Delhi: Satyam founder B Ramalinga Raju and his brother B Rama Raju, arrested in connection with the multi-crore accounting fraud involving the IT firm, will have to remain in jail during Diwali as the Supreme Court on Friday refused to give them interim relief saying they have delayed in approaching it. The apex court, however, agreed to give an early hearing to their pleas and issued notice to CBI...
12:19 PM, Oct 21, 2011
New Delhi: Unable to stick to the time frame to complete proceedings in the trial against former Satyam chief B Ramalinga Raju and nine others accused in the multi-crore Satyam accounting fraud case, CBI has approached the Supreme Court seeking more time to complete the task. In an interim application filed by the investigating agency, the CBI submitted that it would complete the trial proceedings by the end of October....
10:42 AM, Sep 18, 2011
Hyderabad: Satyam scam accused B Ramalinga Raju and five others on Wednesday moved their bail petitions in the metropolitan sessions judge court following a direction from the Andhra Pradesh High Court. The bail petitions are likely to come up for hearing once the documents are scrutinised and kept for listing. The high court while rejecting the bail pleas of Raju and five others on Tuesday asked them to first approach...
11:45 PM, Aug 10, 2011
Washington: US market regulator SEC on Tuesday said that India's fraud-hit Satyam Computer Services, now Mahindra Satyam, has agreed to pay $10 million to settle charges related to the accounting scam by its promoter B Ramalinga Raju. It also said five India-based affiliates of Price Water House Coopers (PWC), auditors to Satyam Computer, have agreed settle the SEC charges and pay $6 million in penalty. "Satyam, whose new leadership cooperated...
11:52 PM, Apr 05, 2011
New Delhi: The Supreme Court on Friday sought a response from Satyam Computer's disgraced founder, B Ramalinga Raju, on the CBI's plea for cancellation of his bail in the multi-crore rupee accounting scam. A bench comprising Justices Dalbeer Bhandari and Deepak Sharma has issued a notice to Raju on the CBI appeal challenging the bail granted by the Andhra Pradesh High Court. A flurry of fraudulent activities at Satyam Computer...
12:19 PM, Oct 01, 2010
New Delhi: The Supreme Court on Monday issued notice to B Rama Raju and four others involved in Satyam scam as to why their bail should not be cancelled. Rama Raju is the brother of Satyam founder and chairperson B Ramalinga Raju. The apex court bench of Justice Dalveer Bhandari and Justice Deepak Verma issued the notice after Solicitor General Gopal Subramanium told the court the five accused could derail...
12:01 PM, Aug 30, 2010
Hyderabad: Satyam scam accused Ramalinga Raju speaks for the first time after being out on bail. He appears at local court, accompanied by a doctor in Hyderabad on Thursday. This is his second appearance after being granted bail by Andhra High Court. Raju hasn't made any appearance for questioning in court since the trial stated - he was diagnosed with hepatitis-C. Speaking exclusively to CNN-IBN, Ramalinga Raju informed that he...
10:47 AM, Aug 26, 2010
Raju is undergoing treatment at the Nizam's Institute of Medical Sciences. ...
06:12 PM, Mar 11, 2010
With this settlement all pending actions against the company will be dismissed. ...
08:56 PM, Dec 09, 2009
The extent of the fraud at Satyam could be much larger than Rs 71.36 bn. ...
11:10 AM, Nov 27, 2009
The planned IT project in Geelong city was expected to create 2,000 jobs. ...
06:44 PM, Sep 11, 2009
Ramalinga Raju suffered a cardiac arrest in a Hyderabad jail on Monday. ...
11:16 AM, Sep 08, 2009
During his tenure, Nangia built Satyam Australia into a $200 million. ...
11:40 AM, May 28, 2009
They want to de-freeze bank accounts and get back seized electronic items. ...
04:24 PM, May 26, 2009
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