CID begins interrogating Raju bros, Srinivas

Agencies

Posted: Sunday, Jan 18, 2009 at 1806 hrs IST
Updated: Sunday, Jan 18, 2009 at 1806 hrs IST


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Hyderabad: Andhra Pradesh CID, which took former Chairman of Satyam Computer B Ramalinga Raju, his brother and ex-MD Rama Raju and former CFO V Srinivas into its custody from the Chanchalguda Jail here has begun a thorough interrogation of the trio.

The Sixth Additional Chief Metropolitan Magistrate on Saturday granted permission to the CID, investigating the Satyam fraud, to take the company executives into custody for four days for further probe. The court allowed the probing agency to question the accused during day hours in the presence of their counsels.

Following the magistrate's direction on providing medical treatment to the three, a doctor visited Ramalinga Raju and checked his health at the prison before being taken into the police custody.

A five-member CID team, led by investigation officer N Balaji Rao, took the custody of accused at around 1145 hrs amidst tight security. All the three accused were taken to CID's office at A C Guards here for further interrogation into the Rs 7,800-crore financial fraud. The road passing by the Chanchalguda prison was packed with media vehicles camped outside the jail premises since 7.30 am.

The CID team is being assisted by auditors and chartered accountants in its investigations to retrieve information from the documents of laptops, hard disks, papers and also CDs seized during raids from their residences, sources said.

The Raju brothers were in judicial custody since January 10 after their arrest on January 9 while Srinivas was in judicial remand after his arrest on January 10. They were arrested following Ramalinga Raju's admission that he cooked company balance sheet for the past 7 years to the tune of Rs 7,800 crore.

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Comments
» CID interogating Raju
Posted by Krishan K Pawla on 2009-01-19 05:02:17.438607+05:30
Do not let this person get away. He has done lots of damage to the mankind who bestowed their trust in Satyam. Raju and his associates must be brought to book and justifiable punishment must be given to him which he earned.Is the Govt of India Alive?

» What about state Govt role
Posted by Indian on 2009-01-18 19:16:44.45854+05:30
.E Sreedharan Metro icon strongly opposed the concept of leveraging a land bank to finance the metro project. He had warned that this model would erupt into a full-fledged political scandal. CM and subsequently dismissed him. This is the reward for a honest beurocrat who has dedicated his service to the nation even at the age of 70 plus. CM encouraged maytas group and awarded several contracts worth crores. Raju could even change the alignment of metro to go thru the properties owned by him and CM family. Further congress spokerperson Veerappa Moily justifies favoring Maytas saying even BJP Govt in Gujarat and Karnataka has awarded jobs to them

» Crooks-All of them
Posted by Jas on 2009-01-18 17:25:27.75408+05:30
It is about time that the officials of these investigating agences negotiate their own cut into the billions these four swindled of the investors money. God, they must have felt left out.

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