TMT
By 09 January, 2009

This just in. In a late night development, the Andhra Pradesh has arrested B Ramalinga Raju, the former chairman of Satyam Computers.

According to reports, Satyam founder surrendered before Andhra Pradesh Director General of Police in Hyderabad on late Friday.

After interrogation, the IT major’s founder was arrested, reports said.

Repoprts also say Ramalinga Raju's brother Rama Raju has also been arrested.

The sections like IPC sec 420 (cheating) and sec 468 (forgery), and sections like 120 B (criminal conspiracy), and 409 (criminal breach of trust) have been slapped on them, the reports further said. 

Earlier Raju's lawyer S Bharat Kumar said Raju would appear before SEBI officials on Saturday.

Leave Your Comment