Supreme Court Issues Notice to Satyam Officials


New Delhi, Sep 19 (IANS): The Supreme Court Monday issued notice to B. Rama Raju and other former Satyam Computers officials on a plea by the Central Bureau of Investigation (CBI) seeking an extension of two months for completion of trial in the accounting fraud involving the company.

The apex court bench of Justices Balbir Bhandari and Deepak Verma directed the tagging of the CBI application along with the plea by four former Satyam officials seeking bail.

The court said the notice on the CBI plea seeking two months additional time for completion of trial is returnable in two weeks.

The four Satyam officials had sought bail from the apex court Sep 16. Rama Raju, former managing director of Satyam Computers, is the brother of B. Ramalinga Raju, former chairman of the company.

The Satyam Computer Services Ltd. accounts fudging case is one of India's biggest corporate scams. The Supreme Court in Oct 26, 2010 had directed a Hyderabad-based court to hold trial on a day-to-day basis and complete it on or before July 31, 2011.

  

Top Stories


Leave a Comment

Title: Supreme Court Issues Notice to Satyam Officials



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.