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Ramalinga Raju's CBI custody case on Mar 9

Written by: Staff
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Hyderabad, Mar 9: The XIV Additional Chief Metropolitan Magistrate will hear the petition of CBI seeking custody of Satyam's former Chairman B Ramalinga Raju and others. A local court on Friday, Mar 6 had reserved its order after hearing the arguments of CBI counsel and defence lawyers.

On Mar 3, the CBI had filed a petition seeking seven days custody of Raju brothers, former Satyam CFO V Srinivas and the two sacked auditors of PwC, which audited Sataym's accounts.

All the five are in judicial remand now and are lodged in Chanchalguda jail.

On Feb 20, the CBI had constituted a multi-disciplinary investigation team for the probe.

On Jan7, Ramalinga Raju confessed Rs 7,000 cr fraudulent manipulation of accounts over several years by inflating the company's profits and assets.

ANI

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