B Ramalinga Raju

Court adjourns market regulator''s plea to quiz former Satyam chief

Court adjourns market regulator''s plea to quiz former Satyam chiefHyederabad, Jan 31: A judge of a trial court in Hyderabad has adjourned to February 9, the hearing of petition of the Securities and Exchange Board of India (SEBI) to grill Ramalinga Raju, the founder of Satyam Computer Services.

The court said it would not pass an order without hearing from Raju and his brother B Rama Raju.

Ex-Satyam chief Raju files revision petition in Andhra Pradesh HC

Ex-Satyam chief Raju files revision petition in Andhra Pradesh HCHyderabad, Jan 19 : Satyam Computer Services former Chairman B. Ramalinga Raju filed a revision petition in Andhra Pradesh High Court today against his police custody.

Ramalinga Raju, his brother Rama Raju and company''s Chief Financial Officer Vadlamani Srinivas are in police custody since Sunday. They were formally taken into police custody for four days and were grilled by Crime Investigation Department (CID) sleuths.

Meanwhile, a Hyderabad court will hear the bail plea of Ramalinga Raju, Rama Raju and Vadlamani Srinivas.

Satyam chairman Ramalinga Raju resigns, admits financial wrong-doing

Satyam chairman Ramalinga Raju resigns, admits financial wrong-doingBangalore, Jan 7 : The Chairman of Satyam Computers, B Ramalinga Raju, today resigned after admitting to major financial wrong-doings.

The resignation of Ramalinga Raju has come as a shock to the board. In his letter to the board, he wrote that company has accounted exaggerated revenues over the years.

Raju, in his resignation letter, admitted to have inflated cash and bank balances of Rs 5,040 crore as against Rs 5,361 crore reflected in the books of accounts.

Shares Of Raju Family In Satyam Falls To 5.13%

Satyam ComputerThe stake of chairman of Satyam Computer Services Ltd, B. Ramalinga Raju and his family declined to 5.13% from 8.27% following large scale selling of shares by the institutional investors. The company is facing trouble since allegations of corruption were made on Mr. Raju while executing some important deals. The World Bank has also banned the company for eight years on the basis of bribery charges.

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