Ramalinga Raju

  • Court likely to fix date for Satyam verdict on June 23 June 18, 2014

    New Delhi: The special CBI court here is likely to fix the date for pronouncement of verdict in the case related to accounting fraud in the erstwhile Satyam Computer Services Ltd on June 23. Satyam founder and former chairman B Ramalinga Raju is the prime accused in the case. "The...
  • Satyam case: Ramalinga Raju appears in court on money-laundering charges April 4, 2014

    Satyam Computers founder Ramalinga Raju and another accused appeared before a court in Hyderabad in connection with a prosecution complaint filed by Enforcement Directorate against them for offences under the Prevention of Money Laundering Act (PMLA). The Enforcement Directorate in October last year had file the complaint against Raju and 212...
  • Ramalinga Raju's wife, relative sentenced for tax evasion January 9, 2014

    Hyderabad: A court in Hyderabad on Thursday sentenced 80 directors, including relative of Satyam founder B Ramalinga Raju, belonging to firms affiliated to erstwhile Satyam Computers to one year jail in an income tax evasion case, while four women directors got six months each. The four women sentenced by the Economic...
  • MSatTech Mahindra merger gets AP High Court approval June 11, 2013

    Hyderabad: The Andhra Pradesh High Court on Tueday approved the merger of Mahindra Satyam (MSat) with Tech Mahindra while dismissing the petitions of some shareholders seeking to stall the proposal in its current form so as to safeguard their financial interest. The Court said, however, that the investigations into the alleged...
  • Companies Bill to prescribe norms for class action suits March 1, 2013

    In January 2009, in what is widely referred to as 'India's Enron', 300,000 shareholders of Satyam Computer Services (now Mahindra Satyam) came together and sued the company. Satyam's founder Ramalinga Raju had confessed to misstating accounts, and the company stock plummeted. The shareholders claimed damages worth Rs 5,000 crore. For...
  • Satyam exdirectors win ruling in US classaction suit January 3, 2013

    New York: A US federal judge dismissed claims against seven former directors of Satyam Computer Services Ltd in shareholder lawsuits stemming from the massive fraud at the heart of India's largest corporate scandal. US District Judge Barbara Jones in New York ruled on Wednesday the lawsuits failed to allege that...
  • ED attaches Satyam founder's property worth Rs 822 cr October 18, 2012

    New Delhi: There is more trouble for Ramalinga Raju, the founder of Satyam. The Enforcement Directorate has attached the properties of Raju that are valued at Rs 822 crore. Raju is out on bail in the Rs 5000crore Satyam scam. In 2009, Raju admitted to an accounting scam and falsifying...
  • Price Waterhouse fumes as Satyam files case January 10, 2012

    New Delhi: Outraged over a case filed by Satyam against it, audit firm Price Waterhouse on Monday said it was an attempt to shift responsibility to auditors. "Price Waterhouse India is outraged that Satyam is attempting to shift responsibility to auditors for the consequences of a carefully and deliberately concealed fraud...
  • SC grants bail to exSatyam CEO Ramalinga Raju November 4, 2011

    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 multicrore accounting fraud involving Satyam. The apex court had on October 12 granted...
  • Satyam case: SC notice to CBI on Raju's bail October 21, 2011

    New Delhi: Satyam founder B Ramalinga Raju and his brother B Rama Raju, arrested in connection with the multicrore 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...
  • Satyam case: CBI seeks more time to complete trial September 18, 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 multicrore Satyam accounting fraud case, CBI has approached the Supreme Court seeking more time to complete the task. In an interim application filed...
  • Mahindra Satyam gets Rs 2,114 cr tax demand August 22, 2011

    Mumbai: The Income Tax Department has slapped a tax demand of Rs 2,114 crore on IT firm Mahindra Satyam (erstwhile Satyam Computer Services), after disallowing exemptions claimed by the company. "The company has received draft notices of demand for Rs 1,037.69 crore and Rs 1,075.73 crore for assessment years 200203 and...
  • Satyam: Raju, 5 others move lower court for bail August 10, 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...
  • Satyam scam: Raju's bail plea dismissed August 4, 2011

    Hyderabad: A Special Central Bureau of Investigation (CBI) court on Thursday dismissed the bail petition of Satyam Computer scam accused B Ramalinga Raju and seven others. The XXI Additional Chief Metropolitan Magistrate (ACMM) court had on Wednesday reserved its order on the bail of Raju and seven other accused. CBI counsel K...
  • MahSatyam settles SEC charges for $10 million April 6, 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...
  • Ramalinga Raju, 5 others to go back to jail November 10, 2010

    Hyderabad: B Ramalinga Raju, the prime accused in the multi-crore Satyam accounting fraud, and five others surrendered before a trial court in Hyderabad on Wednesday. Ramalinga Raju, his brother B Rama Raju, former Satyam CFO V Srinivas and three other former employees of the IT firm -- G Ramakrishna, Venkatapathi Raju...
  • Ramalingam Raju to surrender before CBI court November 10, 2010

    In a big blow to B Ramalingam Raju, former chairman of Satyam Computers, the Supreme Court on Tuesday rejected a petition seeking an extension of his bail. He will now have to surrender before a special CBI court in Hyderabad. ...
  • SC directs Ramalinga Raju to surrender November 9, 2010

    New Delhi: The Supreme Court has refused to give more time to former Satyam Computers chairman B Ramalinga Raju to surrender in the multi-crore accountying fraud in the IT major. The apex court heard his petition seeking an extension of time on Tuesday but directed him to surrender on November...
  • Satyam scam: SC cancels bail of Raju, 5 others October 26, 2010

    New Delhi: The Supreme Court on Tuesday cancelled the bails granted to Satyam Computer founder B Ramalinga Raju, his brother B Rama Raju and four others by the Andhra Pradesh High Court in the Rs 14,000-crore accounting fraud. Hearing the CBI plea, a Supreme Court bench comprising Justices Dalveer Bhandari and...
  • Raju leaves CBI office after 4 hours of grilling October 6, 2010

    Hyderabad: Former Satyam Chairman Ramalinga Raju left CBI office after almost four hours of questioning for the second day on Wednesday. Raju was accompanied by his brother Rama Raju and former CFO Srinivas Vadlamani in the CBI office. The CBI questioned Raju in the 14 thousand crore accounting fraud for the...
  • Satyam case: CBI finally grills Ramalinga Raju October 6, 2010

    New Delhi: Satyam founder and ex-chairman Ramalinga Raju finally, on Tuesday, appeared before the CBI court in Hyderabad for questioning over illegal money transfers abroad. He has been evading the CBI questioning citing ill health so far. He is the man charged in India's biggest corporate fraud. It has been...
  • Ramalinga Raju reaches CBI court for questioning October 5, 2010

    Hyderabad: Satyam Founder and ex-chairman Ramalinga Raju has reached the CBI court in Hyderabad for questioning. He was required to appear before the CBI daily as per his bail conditions but was exempted from it as long as he was in hospital. He was released from hospital on Saturday after...
  • Ex-Satyam chief Raju discharged from hospital October 2, 2010

    Hyderabad: B Ramalinga Raju, former chairman of Satyam Computers and the prime accused in the Rs 14,000-crore accounting fraud, was today discharged from the Nizam Institute of Medical Sciences where he was undergoing treatment for hepatitis C for the past ten months. NIMS gastroenterologist Ajit Kumar said Raju requested the hospital...
  • SC issues notice to Raju on his bail case October 1, 2010

    The apex court has asked Raju, the main accused in the Satyam fraud case, why his bail should not be cancelled. ...
  • SC notice to Raju on plea to cancel his bail October 1, 2010

    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...
  • Satyam ex-chief Raju reaches court in a face mask August 31, 2010

    Hyderabad: The founder of Satyam Computers B Ramalinga Raju made his fourth appearance in a Hyderabad court on Tuesday in connection with the multi-crore accounting scam in the IT giant. Raju made his appearance in a medicated face mask. He had been avoiding appearing in person to testify in the case...
  • SC issues notice to Satyam founder's brother on bail August 30, 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...
  • Satyam founder Raju appears in court August 26, 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...
  • India@9 with Rajdeep Sardesai August 19, 2010

    Catch all the top news of the day with CNN-IBN Editor-in-Chief Rajdeep Sardesai. ...
  • Do our laws allow tainted Corporates to get away? August 18, 2010

    On Talking Point, Rajdeep Sardesai asks a panel of experts whether Indian laws make it easy for tainted Corporate heads to get away. ...