800x6001024x768Auto Width
Main Menu
Home
History of Hyderabad
Asaf Jahi Dynasty
Eminent Hyderabadis
Hyderabad News
Hyderabad Articles
Hyderabad Tourism
Hyderabad - Wiki
Hyderabad Quiz
Hyderabad Links
Contact Us
Search
Blog
Affiliate Sites
Culturopedia.com
Culturopedia.net
India Quiz
India Media Guide
Top 100 Urdu Websites
Fascinating Egg Decorations
Kidzites.com - A wonderful Kid site!
Login Form





Lost Password?
Syndicate
Hyderabad Polls
Our Visitors
mod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_counter
mod_vvisit_counterToday111
mod_vvisit_counterYesterday202
mod_vvisit_counterThis week877
mod_vvisit_counterThis month542
mod_vvisit_counterAll138810
 
AdBrite Ads
Most favoured
Andhra High Court grants bail to all but former chief of Satyam
Wednesday, 21 July 2010

The Andhra Pradesh High Court on Tuesday granted bail to five former Satyam Computer executives, including the brother of former chairman B Ramalinga Raju.

All accused in the case have now got bail except Ramalinga Raju, whose petition was rejected last month.

Ex-managing director B Rama Raju, ex-chief financial officer Vadlamani Srinivas and their three former colleagues were implicated in the Rs 14,000-crore fraud in January 2009 when Ramalinga Raju, the chief architect of the scam, confessed to diverting Satyam funds to two family-run firms - Maytas Properties and Maytas Infrastructure.

A CBI investigation is on.

On June 25, former PricewaterhouseCoopers auditors S Gopalakrishnana and Prabhakara Gupta, who were arrested last year, also got bail.

The court granted bail despite Solicitor General of India Gopal Subrahmaniam advising it not to for fear the accused may tamper with evidence.

Last year, Tech Mahindra took over Satyam Computer, subsequently renaming it Mahindra Satyam.


Add as favourites (3) | Quote this article on your site | Views: 38

Be first to comment this article
RSS comments

Write Comment
  • Please keep the topic of messages relevant to the subject of the article.
  • Personal verbal attacks will be deleted.
  • Please don't use comments to plug your web site. Such material will be removed.
  • Just ensure to *Refresh* your browser for a new security code to be displayed prior to clicking on the 'Send' button.
  • Keep in mind that the above process only applies if you simply entered the wrong security code.
Name:
E-mail
Homepage
Title:
BBCode:Web AddressEmail AddressBold TextItalic TextUnderlined TextQuoteCodeOpen ListList ItemClose List
Comment:



Code:* Code
I wish to be contacted by email regarding additional comments

Powered by AkoComment Tweaked Special Edition v.1.4.6
AkoComment © Copyright 2004 by Arthur Konze - www.mamboportal.com
All right reserved

 
< Prev   Next >