Former Satyam chairman Ramalinga Raju and his brother, former Satyam Managing Director Ram Raju surrendered before the Andhra Pradesh Director General of Police on Friday night and were subsequently arrested, police spokesperson said.
Ramalinga Raju has been charged under various sections of the Indian Penal Code including Section 120B for criminal conspiracy, under Section 409 for [...]
A Securities and Exchange Board of India (SEBI) team probing a financial fraud in Satyam [Get Quote] Computer on Friday reached founder Ramaling Raju’s house here, but returned as the premises was locked.
Sources said the team, was also expected to go to Satyam headquarters again, and a notice has been issued from SEBI’s Mumbai office [...]
Although Prime Minister Manmohan Singh government is “concerned” about the turmoil of one of India’s biggest IT brand – Satyam, it may not intervene directly to resolve the issues, according to top sources in the United Progressive Alliance (UPA).
“The government doesn’t have much scope to directly intervene at this stage. We are, of course, concerned [...]
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