Rajus back in central jail as CBI custody ends | india | Hindustan Times
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Rajus back in central jail as CBI custody ends

Satyam Computer Services disgraced ex-Chairman B Ramalinga Raju, his brother and Ex-MD of the company B Rama Raju and three other accused were returned to Chanchalguda Central jail on Tuesday after their eight-day CBI custody came to an end.

india Updated: Mar 17, 2009 21:48 IST

Satyam Computer Services disgraced ex-Chairman B Ramalinga Raju, his brother and Ex-MD of the company B Rama Raju and three other accused were returned to Chanchalguda Central jail on Tuesday after their eight-day CBI custody came to an end.

The CBI has moved the designated court seeking custody for two more days. Its counsel pleaded the investigation was at a crucial stage and the needed the accused for two more days to complete the process. The court posted the CBI case to Wednesday for orders.

The court directed that the five accused — including two PriceWaterhouse auditors — be sent back to jail till March 20 for the present.

Meanwhile, sources in CBI said the agency has managed unlock the seven computers at the Satyam Computer Services office at My Home Hub in Madhapur, from where Ramalinga Raju functioned.

The computers had been locked with “biometric” passwords, and have reportedly revealed a lot of hitherto unknown details about the Rajus' transactions.

Satyam allocates 10,511 shares
Mumbai: Satyam Computer on Tuesday said it has allotted 10,511 equity shares under its stock option plans. The board approved the allotment of the shares on March 13, under the stock option plans of the company, Satyam said in a filing to the Bombay Stock Exchange.

The paid-up share capital of the company stood at Rs 1,34,77,89,584 up from Rs 1,34,77,68,562, it added.

Maytas delays rail project closure
Mumbai: Maytas Infra has asked the government for more time to achieve financial closure for a metro rail project, the construction company said on Tuesday. Maytas said in a statement that the global credit crunch has affected the company's ability to raise debt locally and from overseas.

(With PTI inputs)