Satyam Raju’s judicial remand extended till July 22

September 24th, 2009 HYDERABAD - General Electric (GE) has extended its multi-million dollar contract with India's leading consulting and IT services provider Mahindra Satyam for the next three years, the company said Thursday. Among Satyam's top five customers for over a decade, GE is supported in the specialised areas of application development maintenance, business intelligence and engineering services.

July 29th, 2009 LUCKNOW - A dismissed Uttar Pradesh police sub-nspector, one of the 11 suspects in a government engineer's murder in December last year, was Wednesday sent to jail for interrogation till Aug 2. A court in Auraiya district ordered sub-inspector Hoshiar Singh's police remand after days of his judicial custody came toan end.

July 22nd, 2009 HYDERABAD - The judicial custody of former Satyam Computers chairman B Ramalinga Raju and other accused in connection with the 7,800 crore fraud at the IT major ends today. On July 8, a local court had extended their judicial custody till today.

July 10th, 2009 MUMBAI - Mahindra Satyam, formerly Satyam Computer Services, Friday said it has allotted 198.6 million shares to Venturebay Consultants, a Tech Mahindra arm. After this allotment, Tech Mahindra will hold about 43 percent in the company.

July 8th, 2009 HYDERABAD - A local court on Wednesday extended the judicial custody of former Satyam Computers chairman B Ramalinga Raju and other accused in connection with the 7,800 crore fraud at the IT major till July 22. The accused-Ramalinga Raju, his brother and Satyam's former managing director Rama Raju, ex-CFO V Srinivas, former partners of Price Waterhouse S Gopalakrishnan and T Srinivas along with Satyam Computer Services former employees G Ramakrishna, D Venkatapathi Raju and Ch Srisailam-were produced before the XIV additional chief metropolitan magistrate.

June 24th, 2009 HYDERABAD - Judicial remand of the Satyam Computer accused, including its founder B Ramalinga Raju, was extended by a local court on Wednesday by 14 days to July 8. The accused were produced before the XIV additional chief metropolitan magistrate, who extended the judicial remand of Ramalinga Raju and other accused for alleged involvement in the multi-crore financial fraud.

June 23rd, 2009 HYDERABAD - Two days after Satyam Computer Services was re-branded as Mahindra Satyam, the company Tuesday announced changes in its leadership with Tech Mahindra's head of international operations C.P. Gurnani being named the outsourcer's new chief executive.

June 1st, 2009 MUMBAI - Satyam Computer Services Ltd Monday announced the appointment of Venki Prathivadi as the new country manager for Australia and New Zealand (ANZ). Satyam has also appointed Vijay Prasad as the principal adviser to the ANZ region, the company said in a regulatory statement.

April 29th, 2009 HYDERABAD - A special court Wednesday extended the judicial custody of disgraced founder and former chairman of Satyam Computer Services B. Ramalinga Raju and other accused in the Rs.78 billion fraud case till May 13.

April 13th, 2009 MUMBAI - The following is the timeline of events surrounding Satyam Computer Services since its founder B. Ramalinga Raju made an abortive bid to make the company acquire two family enterprises, raising questions on corporate governance, followed by his admission to perpetrating India's biggest corporate fraud: Dec 16, 2008 - Satyam announces plan to buy two realty firms part-owned by its founders for $1.6 billion, but does a U-turn after negative investor fallout Dec 18 - Satyam board plans to meet Dec 29 to consider a share buyback to restore confidence Dec 23 - Satyam barred from business with the World Bank for eight years for providing bank staff with 'improper benefits' Dec 26 - Mangalam Srinivasan, an independent director, resigns Dec 29 - Three more directors quit Jan 7, 2009 - Raju resigns saying the company's profits had been inflated Jan 8 - Chief financial officer (CFO) Vadlamani Srinivas resigns Jan 9 - Andhra Pradesh police arrest Raju and his brother and former company managing director B.

April 7th, 2009 HYDERABAD - The Central Bureau of Investigation (CBI) Tuesday filed a charge sheet in the Rs.78 billion ($1.56 billion) accounting fraud in Satyam Computer Services Ltd, three months after the company's disgraced founder and former chairman B. Ramalinga Raju admitted to India's biggest corporate scam.

March 26th, 2009 NEW DELHI - The Central Bureau of Investigation (CBI) wants Satyam founder B. Ramalinga Raju and two others to go through a lie detector test and believes they 'are not sharing everything' in connection with the Rs.78 billion ($1.5 billion) fraud in the IT major.

March 22nd, 2009 HYDERABAD - Satyam Computer Services founder B. Ramalinga Raju, his brother Rama Raju and ex-Chief Financial Officer Vadlamani Srinivas23.

March 12th, 2009 HYDERABAD - The XIV Additional Chief Metropolitan Magistrate will today hear the petition of CBI seeking custody of Satyam's former Chairman B Ramalinga Raju and others. On Friday, a local court had reserved its order for today after hearing the arguments of CBI counsel and defence lawyers.

January 11th, 2009 HYDERABAD - From the cosy environs of their posh bungalows and state-of-the-art offices to the claustrophobic confines of Chanchalguda jail here, life has taken a cruel turn for B. Ramalinga Raju and his brother B.