CA Sudhir Halakhandi (PRACTICING CHARTERED ACCOUNTANT) (13401 Points)
17 January 2009Court sends Rajus, Srinivas to police custody till Jan 22
shailesh agarwal
(professional accountant)
(7642 Points)
Replied 17 January 2009
| Court sends Rajus, Srinivas to police custody till Jan 22 |
| Press Trust of India / Hyderabad January 17, 2009, 18:53 IST |
A local court today sent Satyam's tainted founder Ramalinga Raju, his brother Rama Raju and the company's former CFO Vadlamani Srinivas to police custody for four days from tomorrow.
The 6th additional chief metropolitan magistrate granted their custody to the state CID police, although the prosecution sought seven days detention.
The magistrate allowed the investigating agency to interrogate the accused in the presence of their counsel from 0700 hrs till 1700 hrs during their custody period and produce them before the court on January 22 at 1000 hrs.
Defence counsel Bharat Kumar told reporters that a revision petition would be filed in the appropriate court after studying the court's order on police custody.
"We will move the revision application soon after getting the order of the copy on Monday," he said.
The Raju brothers were arrested on January 9 and have been in judicial custody since Saturday last. Srinivas was arrested on January 10 and sent to judicial remand, and all of them were lodged in the Chanchalguda central prison.
The police had questioned the Raju brothers on the night of their arrest and sought more time to interrogate them on the Rs 7,800 crore financial fraud that Ramalinga Raju had admitted to in Satyam Computer.
The CID has already searched Raju's house and his office in Satyam and recovered at least 44 documents.
The court will on Monday hear separate petitions from Raju's camp seeking bail and special status in jail, and one from SEBI seeking a day's custody of all three accused.
shailesh agarwal
(professional accountant)
(7642 Points)
Replied 20 January 2009
he should be leave in the mob of investors(loss by satyam)
CAclubindia
