No bail for Satyam Rajus, former CFOJanuary 27th, 2009 HYDERABAD - Satyam Computer's disgraced founder B. Ramalinga Raju, his brother B.
Decision on Rajus' bail plea on WednesdayJanuary 26th, 2009 HYDERABAD - A court here Tuesday reserved till Wednesday its decision on the bail plea of Satyam Computer's disgraced founder B. Ramalinga Raju, his brother B.
Satyam chairman Ramalinga Raju, MD Rama Raju quitJanuary 6th, 2009 BANGALORE - Satyam Computer Services Ltd founder chairman B Ramalinga Raju and managing director B Rama Raju resigned from the board Wednesday, the company announced. In a notification to the stock exchanges, the Hyderabad-based IT firm said Ramalinga Raju and Rama Raju have tendered the resignations earlier in the day and the regulator (SEBI) has been informed.
Ramalinga Raju's brother surrenders in courtMarch 7th, 2009 HYDERABAD - B. Suryanarayana Raju, the younger brother of disgraced founder of Satyam Computer Services B.
Satyam scam: Raju's brother fails to get anticipatory bailFebruary 12th, 2009 HYDERABAD - B. Suryanarayana Raju, brother of Satyam Computers' disgraced founder B.
Raju may face up to seven years' imprisonment, say legal expertsJanuary 6th, 2009 HYDERABAD - B. Ramalinga Raju, who Wednesday morning shocked the corporate India by confessing to a Rs.65.92-billion ($1.3 billion) fraud in Satyam Computers, may face up to seven years' imprisonment if proven guilty, legal experts said.
CBI registers case against Raju, others in Satyam scamFebruary 20th, 2009 NEW DELHI - The Central Bureau of Investigation (CBI) Friday registered a case against disgraced Satyam founder B. Ramalinga Raju for the Rs.70 billion fraud and constituted a multi-disciplinary investigation team (MDIT) for the probe.
CID to grill former Satyam auditorsFebruary 2nd, 2009 HYDERABAD - The Andhra Pradesh police will Wednesday and Thursday grill two suspended PriceWaterhouse employees allegedly involved in the Satyam Computer Services fraud. A city court Tuesday sent S.
Raju denies fudging employee figures, fund diversionJanuary 26th, 2009 HYDERABAD - Founder and former chairman of Satyam Computer Services B. Ramalinga Raju has denied that he fudged number of employees in the company or diverted its funds.
Raju's family firms deny receiving funds from SatyamJanuary 19th, 2009 HYDERABAD - Maytas Infra and Maytas Properties, promoted by the sons of disgraced founder and former chairman of Satyam Computer Services B. Ramalinga Raju, Tuesday denied that they received any funds from the fraud-hit IT bellwether.
Third day of questioning for Satyam's RajuJanuary 19th, 2009 HYDERABAD - Investigators quizzed disgraced founder and former chairman of Satyam Computer Services B. Ramalinga Raju and two other former top executives of the company for the third day Tuesday in connection with the Rs.70 billion (Rs.7,000 crores/$1.43 billion) fraud.
Ramalinga Raju goes missingJanuary 7th, 2009 HYDERABAD - Where is B. Ramalinga Raju? Everyone is trying to find an answer to the question after the chairman of Satyam Computers resigned Wednesday confessing to a Rs.70 billion (Rs.700 crore) fraud.
Dr Reddy's claims Satyam land purchase was legalJanuary 27th, 2009 HYDERABAD - Leading pharmaceutical company Dr. Reddy's Laboratories has denied that the land it got on the outskirts of Hyderabad after acquiring Satyam Institute of E-business Ltd was assigned land or the state land meant for poor.
Slashed pay, 'virtual' job for over 7,000 Satyam staffJune 11th, 2009 MUMBAI - Between 7,000 to 10,000 Satyam employees have been put in a virtual pool, continuing their association with the company but with reduced pay, the IT firm said in a regulatory statement Thursday. The virtual pool programme is an innovative way of retaining the excellent human assets of Satyam despite the difficult economic situation, chairman Kiran Karnik said in the statement.
Two Pricewaterhouse officials arrested in Satyam fraudJanuary 23rd, 2009 HYDERABAD - Two officials of PricewaterhouseCoopers, the firm that audited fraud-hit Satyam Computer Services' books, were arrested Saturday for their alleged role in the irregularities. The Crime Investigation Department (CID) of the Andhra Pradesh police, probing the Rs.70 billion (Rs.7,000 crore/$1.43 billion) fraud in the IT bellwether, arrested chief relationship partner S.