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 5000-crore Satyam scam. In 2009, Raju admitted to an accounting scam and falsifying revenues in the IT company.
Raju resigned from the board and was subsequently arrested.
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01:55 PM, Oct 18, 2012
Hyderabad: Kadapa MP Jagan Mohan Reddy's firm Jagathi Publications is under scanner. Value of Jagathi Publications was allegedly overstated by Rs 1,000 crore at Rs 3,500 crore. In what is being called another Satyam-like scam, auditing firm Deloitte reportedly admitted to fudging the accounts of the Kadapa MP Jagan Reddy-owned media house Jagathi Publications. The company reportedly told a Hyderabad court it had pumped up the value of Jagathi by...
10:03 AM, Nov 12, 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
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 Surender had opposed the bail pleas of the Satyam accused claiming there was no change in circumstances and...
11:16 AM, Aug 04, 2011
New Delhi: The Supreme Court on Thursday cancelled the bails granted to PriceWaterhouseCoopers partner Subramani Gopalakrishnan and Satyam's internal auditor VS Prabhakar Gupta, directing them to surrender by April 30. A bench comprising Justice P Sathasivam and Justice BS Chauhan cancelled their bail and directed them to surrender within this period, failing which the central investigative agency will take steps to arrest them. The apex court, which had on April...
11:42 AM, Apr 21, 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 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 Deepak Verma today cancelled the bails and asked all six persons to surrender by November 8. Observing that the...
03:15 PM, Oct 26, 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 second day on Wednesday. He was questioned for two hours on Tuesday at the CBI office in Hyderabad. The...
10:40 AM, Oct 06, 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 20 months since the CBI has taken over the case. For the first time the CBI has got to grill...
08:41 PM, Oct 05, 2010
Hyderabad: Former Satyam chairman B Ramalinga Raju was granted bail in the multi-crore scam by Andhra Pradesh High Court on Wednesday. The High Court granted bail to Raju on health grounds saying he should not be discharged from the hospital. Raju has been hospitalised at Nizam's Institute of Medical Sciences in Hyderabad for treatment of Hepatitis C and other ailments since September 2009. "Raju has been given bail on the...
02:27 PM, Aug 18, 2010
![Satyam scam case hearing adjourned to July 29]( "Satyam scam case hearing adjourned to July 29")
Former chairman of Satyam, B Ramalinga Raju, is one of the accused in the case. ...
01:58 PM, Jul 26, 2010
SEBI had earlier requested the SEC to waive the penalty on Mahindra Satyam for frauds committed by its previous management. ...
04:37 PM, Jul 13, 2010
Disgraced entrepreneur claims he is too ill to attend court. ...
04:54 PM, Jul 02, 2010
Raju is undergoing treatment at the Nizam's Institute of Medical Sciences. ...
06:12 PM, Mar 11, 2010
The order exempts him from paying court costs in the US. ...
10:55 AM, Jan 28, 2010
Defence lawyer argued tests, a hazard for Raju who has cardiac problems. ...
09:34 PM, Jul 09, 2009
Tech Mahindra CEO warns of 'painful' way of reducing staff an option. ...
08:31 PM, May 22, 2009
The winner is likely to be announced by April 15. ...
06:35 PM, Apr 06, 2009
They allegedly planned the fraud with Ramalinga Raju. ...
05:12 PM, Apr 06, 2009
