Andhra Pradesh High Court posts hearing on bail petition moved by Satyam Computers promoter B Ramalinga Raju to August 5
Jul 29, 2010 Satyam
The Andhra Pradesh High Court on Wednesday posted the hearing on a bail petition moved by B Ramalinga Raju, prime accused in the multi-crore Satyam Computers accounting scam, to August 5. The company’s former chairman moved the petition exactly one week after the same court granted bail to five of his co-accused. He requested the court to grant him bail as accused 2 and 5 had been let out on bail despite facing similar charges.
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Tags: AP High Court, b rama raju, CBI, ramalinga raju, satyam computers
Satyam scam case hearing adjourned to July 29
Jul 28, 2010 Satyam
Hyderabad: The special court dealing with the multi-crore Satyam scam case on Monday adjourned examination and hearing of charges against the accused to July 29. Examination and hearing of charges against 10 Satyam personnel accused of fudging books of account of the company, including disgraced former chairman B Ramalinga Raju, will commence on July 29.
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Tags: b ramalinga raju, NIMS, Nizam Institute of Medical Science, Srisailam and Suryanarayana Raju
New Bench will hear again the petition filed by Price Waterhouse challenging the jurisdiction of SEBI
Jul 22, 2010 Satyam
A newly-constituted Division Bench at Bombay High Court will hear anew the petition filed by audit firm Price Waterhouse challenging the jurisdiction of capital market regulator SEBI to investigate its role in the multi-crore Satyam fraud.
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Tags: price waterhouse, SEBI
AP High Court granted bail to former Satyam managing director Rama Raju
Jul 21, 2010 Satyam
The Andhra Pradesh High Court on Tuesday granted bail to former Satyam managing director Rama Raju, former chief financial officer Vadlamani Srinivas and three others accused in the multi-crore rupee accounting scam. Justice Raja Elango of the AP high court granted bails to Rama Raju, brother of Satyam founder Ramalinga Raju, Srinivas and three others former Satyam employees G Ramakrishna, Venkatapathi Raju and Ch Srisailam.
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Tags: b ramalinga raju, Ch Srisailam, G Ramakrishna, ramalinga raju, srinivas, Vadlamani Srinivas, Venkatapathi Raju
Judge Hearing PWC case recuses himself from hearing
Jul 17, 2010 Satyam
Mr Justice D. D. Sinha of the Bombay High Court, one of the judges on the Division Bench hearing audit firm Price Waterhouse’s petition against Securities and Exchange Board of India, recused himself from hearing the case on Friday, without assigning any reason.
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Tags: bombay high court, price waterhouse, ramalinga raju, satyam computers, SEBI
Bring clarity on the role of independent directors
Jul 15, 2010 Satyam
There is no major cause for worry on the imposition of heavy penalties by the U.S. capital market regulator on the erstwhile Satyam Computers, Union Minister of State for Corporate Affairs Salman Khurshid said here on Tuesday. Replying to a query, Mr. Khurshid said he would not comment on this issue as there was no formal communication, but there were indications that “things were on track”.
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Satyam fraud: Promoter and family members wrongfully gained Rs 2,743 crore
Jul 14, 2010 Satyam
B Ramalinga Raju, the disgraced founder of the erstwhile Satyam Computer Services , and his family members wrongfully gained Rs 2,743 crore (Rs 27.43 billion), the Central Bureau of Investigation (CBI) said.For the first time, the premier investigating agency, as a part of its media workshop, discussed Satyam fraud as a case study.
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Tags: central bureau of investigation, Mahindra Satyam, ramalinga raju, satyam computer services, tech mahindra
CBI to reveal how it successfully investigated Satyam fraud
Jul 13, 2010 Satyam
A high-level team of CBI sleuths, led by director Ashwini Kumar, will reveal how it successfully investigated India’s biggest corporate fraud, involving the Hyderabad-based Satyam Computers. The disclosure will be made during the three-day conference of senior CBI officials that begins on Saturday.
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Tags: CBI, Harshad Mehta scam, ramalinga raju, satyam computers, Satyam Fraud
Satyam scam: Price Waterhouse seeks ruling on SEBI’s jurisdiction over auditors
Jul 11, 2010 Satyam
Audit firm Price Waterhouse has moved the Bombay High Court challenging the Securities and Exchange Board of India’s jurisdiction to investigate its role in the multi-crore Satyam fraud.The audit firm filed a petition in the Bombay High Court on Thursday, seeking a stay on the SEBI proceedings on the grounds that the capital market regulator has no jurisdiction over audit firms.
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Tags: price waterhouse, Satyam scam
Auditors qualify Maytas Infra accounts in respect of recovery of ICDs
Jul 1, 2010 Satyam
Maytas Infra Ltd today maintained that it has documentary evidence to show that Mahindra Satyam (Satyam Computer) was the ultimate beneficiary of Rs 324 crore, which was handed over as inter-corporate deposits (ICDs). This is part of Rs 392 crore ICDs, which the erstwhile promoters of Maytas Infra Ltd, passed on to other corporate entities, including Mahindra Satyam.
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Tags: Mahindra Satyam, Maytas Infra