CBI to take over Satyam probe from Andhra policeFebruary 17th, 2009 NEW DELHI - The Central Bureau of Investigation (CBI) Wednesday will take over the investigation into the Rs.70-billion (Rs.7,000-crore/$1.43 billion) Satyam accounting fraud from the Andhra Pradesh police. 'We have received the notification from the government of India to take over the Satyam Computers scam cases from CID, Andhra Pradesh.
Satyam's Ramalinga Raju surrenders before Andhra police chiefJanuary 8th, 2009 HYDERABAD - Disgraced former founder-chairman of Satyam Computers B. Ramalinga Raju surrendered before the Andhra Pradesh police chief Friday night.
Andhra Pradesh may review Maytas Infra projectsJanuary 8th, 2009 CHENNAI - Andhra Pradesh Chief Minister Y.S. Rajasekara Reddy Friday said the government may take a re-look at projects awarded to Maytas Infra, run by the sons of former Satyam Computer chairman B.
Satyam probe handed over to CBIFebruary 15th, 2009 NEW DELHI/HYDERABAD - The central government has finally handed over the investigations into the Satyam fraud to the Central Bureau of Investigation (CBI). 'CBI will look into all aspects of the investigation,' Corporate Affairs Minister P.C.
Another techie from Andhra Pradesh dies in the USJanuary 21st, 2009 HYDERABAD - Muthyala Purushottam, a 27-year-old software engineer from Andhra Pradesh, was found dead in his flat in Indianapolis in the US, family sources said Thursday. This is the second incident of the death of a techie from the Indian state in the US this month.
Andhra Pradesh includes inflated Satyam figures in IT export revenuesJuly 2nd, 2009 HYDERABAD - The Andhra Pradesh government Thursday said the state has posted a 24.5 percent growth in information technology export revenues during 2008-09, higher than the projected national growth of 20.65 percent, but this includes the inflated figures submitted by the scam-tainted Satyam Computer Services. The exports during the year were Rs.32,509 crore (Rs.325.09 billion/$6.79 billion) against Rs.26,122 crore (Rs.261.22 billion/$5.45 billion) during 2007-08.
Andhra High Court dismisses Raju's revision petitionJanuary 18th, 2009 HYDERABAD - The Andhra Pradesh High Court Monday dismissed a revision petition of disgraced founder and former chairman of Satyam Computer Services B. Ramalinga Raju and two others, challenging a lower court's order remanding them to police custody.
Court dismisses Raju's petition against police custodyJanuary 18th, 2009 HYDERABAD - The Andhra Pradesh High Court Monday dismissed the revision petition filed by former chairman of Satyam Computer Service Ramalinga Raju against his police custody. Raju was arrested on Jan 9, two days after he admitted to a Rs.70 billion fraud.
Top names quit board of Raju promoted bodyJanuary 12th, 2009 HYDERABAD - Almost all the top names including former president of India A.P.J. Abdul Kalam have resigned from the board of Emergency Management and Research Institute (EMRI), promoted by disgraced founder and former chairman of Satyam Computer Services B.
Andhra Pradesh police begin probe into Satyam fraudJanuary 8th, 2009 HYDERABAD - The crime branch of the Andhra Pradesh police Friday began probe into the Rs.70-billion accounting fraud in the city-based IT service firm Satyam Computer Services, even as the market regulator continued its probe for the second consecutive day and summoned before it the company's former chairman. The Criminal Investigation Department's (CB-CID) team checked records at Satyam's headquarters here and spoke to associates of disgraced former chairman B.
Ramalinga Raju: From Andhra's pride to disgrace (Profile)January 6th, 2009 HYDERABAD - Satyam was the brand image of Andhra Pradesh, Hyderabad was identified with this company, and its founder-chairman B. Ramalinga Raju was a hero to youngsters.
Summary Box: EU applies brakes to Oracle-Sun deal on questions about database marketSeptember 3rd, 2009 Summary Box: EU applies brakes to Oracle-Sun dealSLOW DOWN: European Union regulators are launching a formal antitrust investigation into Oracle Corp.'s proposed $7.4 billion takeover of Sun Microsystems Inc. Oracle expected to complete the acquisition this summer, but European regulators now have until Jan.
Andhra police get custody of two Satyam auditorsFebruary 2nd, 2009 HYDERABAD - Two suspended PriceWaterhouse employees allegedly involved in the Satyam Computer Services fraud will be in the custody of the Andhra Pradesh police Wednesday and Thursday. S. Gopalakrishnan, who was chief relationship partner at PriceWaterhouse, and Srinivas Talluri, who was engagement leader, will be handed over to the Crime Investigation Department (CID) of police for interrogation for two days from Wednesday, a Hyderabad court ruled Tuesday.
Ramalinga Raju's followers rally behind himJanuary 12th, 2009 HYDERABAD - He may have committed the biggest ever fraud in India's corporate history but for people in his native West Godavari district in Andhra Pradesh and his die-hard supporters, Satyam Computer Services founder Ramalinga Raju is still the hero. Though the IT magnate is in jail after admitting to a Rs.70 billion (approx $1.5 billion) fraud, he still enjoys the support of his admirers who hail his social service initiatives, especially the 108 ambulance service.
Indian software engineer shot at in South AfricaJuly 7th, 2009 WARANGAL - An Indian software engineer from Andhra Pradesh was shot at by unidentified assailants in Johannesburg in South Africa. B Kiran, who was working in South Africa for the past two years, was attacked last Thursday when while returning from work.