Ramalinga Raju suffers heart attack

Satyam Computers founder B Ramalinga Raju, who is in jail for the past eight months in connection with a Rs 8,000 crore corporate fraud, suffered a massive heart attack and was admitted to NIMS hospital tonight, jail and police sources said.

Satyam Computers founder B Ramalinga Raju, who is in jail for the past eight months in connection with a Rs 8,000 crore corporate fraud, suffered a massive heart attack and was admitted to NIMS hospital tonight, jail and police sources said.

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Raju, who will turn 55 on September 16, was transferred to the Nizam Institute of Medical Sciences(NIMS) hospital from Chanchalguda jail where he is under judicial custody on criminal charges including fraud, forgery, cheating, embezzlement and insider trading.

Raju, who was initially attended by jail doctors, was taken to the Intensive Care Unit of the hospital.

Raju was Satyam’s Chairman until January 7, 2009 when he resigned from the the company’s board after admitting to corporate fraud. He was arrested on January nine.

Satyam was created by Ramalinga Raju and others and was until recently perceived to be amongst the top Indian IT vendors.