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Court issues production warrant against Ramalinga Raju

A local court on Thursday issued a production warrant against former Satyam Computer chairman Ramalinga Raju to produce him before it on December 30, in a case filed by Serious Fraud Investigation Office (SFIO), the investigation arm of the Union Corporate Affairs Ministry.

Updated on: Dec 17, 2009 07:22 PM IST
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A local court on Thursday issued a production warrant against former Satyam Computer chairman Ramalinga Raju to produce him before it on December 30, in a case filed by Serious Fraud Investigation Office (SFIO), the investigation arm of the Union Corporate Affairs Ministry.

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Raju is among the 11 former directors of erstwhile Satyam Computers against whom the SFIO has filed seven complaints for alleged violations under different sections of the Companies Act of 1956.

Subsequently, the Special Court for Economic Offences had issued summons on Raju, Satyam's former Managing Director B Rama Raju and its ex-CFO Vadlamani Srinivas for examination of them on Thursday.

Though, Rama Raju and V Srinivas who are under judicial remand were produced before the court, Ramalinga Raju, who is presently being treated for Hepatitis C at the Nizam's Institute of Medical Sciences (NIMS) in Hyderabad, was unable to appear in the court.

Expressing displeasure, Judge T Rajani sought to know "Why Ramalinga Raju was not produced?" Replying to the court, Raju's counsel Bharat Kumar filed a petition saying his client could not attend proceedings due ongoing treatment.

 
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