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Ramalinga Raju's bail plea to be heard on Jan 19

Ramalinga Raju
Hyderabad, Jan 19: Disgraced Satyam's Ex-CEO, Ramalinga Raju's bail plea hearing is scheduled on Monday, Jan 19 but application for bail will not be an easy one for Raju as SEBI (Securities and Exchange Board of India) has also applied seeking permission to question Ramalinga Raju, brother, Ramaraju, Ex-CFO Srinivas Vadlamani in the same court.

SEBI has also pressed for an extension of custody of Ramalinga Raju apart from seeking permission to question him.

On Saturday, Jan 17, the sixth additional chief metropolitan magistrate granted their custody to CID Police even after the prosecution sought seven days detention.

The Magistrate also ordered to produce the accused before the court on Jan 22 at 10 am.

The Raju brothers were arrested on January 9 and have been in judicial custody since Saturday last. Srinivas was arrested on January 10 and sent to judicial remand, and all of them were lodged in the Chanchalguda central prison.

OneIndia News (With inputs from Agencies)

 

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Satyam earns revenue of Rs 1830 crore in Q1

Hyderabad, July 20: Satyam computers, a leading global consulting and IT service company, has earned revenue of Rs 1,830 crore, an increase of 26.8 percent and a sequential increase of 2.9 percent, for the first quarter of the financial year 2007-08. While announcing the results of the company for the quarter ended June 30, this year, Satyam Computers Founder and Chairman B Ramalinga Raju said the company's net profit after tax was Rs 378 crore,.....
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