8 Sep 2009,
HYDERABAD: Disgraced founder of Satyam Computer Services Ltd B Ramalinga Raju remained in the intensive care unit of a government-run hospital Tuesday after he suffered a cardiac arrest in a jail here. His condition is said to be stable.
Raju, who was in Chanchalguda Jail along with seven other accused in connection with the Rs.78 billion ($1.43 billion) accounting fraud in Satyam, was given first aid by the jail authorities after he complained of chest pain Monday evening. He was then shifted to the Nizam's Institute of Medical Sciences (NIMS).
Doctors conducted various tests on him and some of the reports are expected later Tuesday, hospital officials said.
Resident Medical Officer of NIMS M Srinivas told reporters that the cause of the pain would be known after the reports of all the tests were fully evaluated.
Srinivas said the former Satyam boss was undergoing treatment in the intensive care unit and his condition was stable.
Raju's lawyer Bharat Kumar, however, claimed that Raju suffered a heart attack. According to him, Raju has a block in his arteries but the same could not be removed as he is also suffering from Hepatitis C.
Raju, who will turn 55 Sep 15, has been lodged in jail since Jan 9, two days after he shocked the corporate world by admitting to a Rs 78 billion accounting fraud in the IT major.
Raju's brother B Rama Raju, chief financial officer Vadlamani Srinivas, three other employees of Satyam and two auditors are also in jail.
They have been charged with cheating, forgery and criminal conspiracy and are being tried for the same.
Following Rajus's confession, the government appointed a board to run Satyam, one of India's leading IT companies. The company was bought by Tech Mahindra in April and renamed Mahindra Satyam.
Tuesday, September 8, 2009
Former Satyam chief Ramalinga Raju suffers heart attack
8 Sep 2009, ET Bureau
HYDERABAD: B Ramalinga Raju, former chairman of scam-tainted Satyam Computer Services , was admitted to the Nizam’s Institute of Medical Sciences (NIMS), following a heart on Monday evening.
Raju was lodged in the Chanchalguda prison in January 9 this year, two days after he confessed to perpetrating a Rs 7,000-crore fraud at Satyam.
According to his lawyer Bharat Kumar, Raju suffered a heart attack at around 4.30 pm and his condition was serious when he was shifted to the hospital. “He was taken twice to NIMS over the past 10 days for treatment of type C Hepatitis. A medical board constituted by the state government examined him and recommended treatment for a couple of months. He had blocks in his arteries, but was unable to take medicines as he was suffering from liver disorder,” said Bharat Kumar.
Several applications for bail were rejected by the lower court and the Andhra Pradesh High Court. The CBI, which filed a charge sheet, also moved a petition to conduct lie-detector and polygraph tests. But Raju moved a counter-petition , challenging the validity of these tests. A lie-detector test cannot be conducted on a person who has a critical ailment.
Raju was shifted late Monday evening from the Chanchalguda jail to NIMS. His brother B Rama Raju and former chief financial officer Srinivas Vadlamani are also lodged in the same prison for conspiring in the same fraud.
HYDERABAD: B Ramalinga Raju, former chairman of scam-tainted Satyam Computer Services , was admitted to the Nizam’s Institute of Medical Sciences (NIMS), following a heart on Monday evening.
Raju was lodged in the Chanchalguda prison in January 9 this year, two days after he confessed to perpetrating a Rs 7,000-crore fraud at Satyam.
According to his lawyer Bharat Kumar, Raju suffered a heart attack at around 4.30 pm and his condition was serious when he was shifted to the hospital. “He was taken twice to NIMS over the past 10 days for treatment of type C Hepatitis. A medical board constituted by the state government examined him and recommended treatment for a couple of months. He had blocks in his arteries, but was unable to take medicines as he was suffering from liver disorder,” said Bharat Kumar.
Several applications for bail were rejected by the lower court and the Andhra Pradesh High Court. The CBI, which filed a charge sheet, also moved a petition to conduct lie-detector and polygraph tests. But Raju moved a counter-petition , challenging the validity of these tests. A lie-detector test cannot be conducted on a person who has a critical ailment.
Raju was shifted late Monday evening from the Chanchalguda jail to NIMS. His brother B Rama Raju and former chief financial officer Srinivas Vadlamani are also lodged in the same prison for conspiring in the same fraud.
YSR Death: Who's going to save Ramalinga Raju?
Thursday, September 3, 2009
Hyderabad, Sep 3: With the death of the 'son of soil', AP Chief Minister YS Rajashekhara Reddy there were scores of people who were heartbroken.
Buzz up!However, the people who will truly mourn the Chief Minister's death will not just be limited to farmers, party members and workers, as the ex-CEO of Satyam Computers, Mr Ramalinga Raju too may have to join the mourning.
When the Satyam Computers fraud came out in the open, it was a popularly debated fact if YSR was shielding the architect behind the epic Rs 7,800 crore scam.
During this period, YSR faced criticism for supporting and protecting Ramalinga Raju. While his request for the CBI probe into to scam was seen as an effort to protect Ramalinga Raju, his government constantly became the victim of scathing attacks of leaders and the public.
So, now the question is will the demise of YS Rajashekhara Reddy have an impact on Ramalinga Raju and his accomplices, and how?
Hyderabad, Sep 3: With the death of the 'son of soil', AP Chief Minister YS Rajashekhara Reddy there were scores of people who were heartbroken.
Buzz up!However, the people who will truly mourn the Chief Minister's death will not just be limited to farmers, party members and workers, as the ex-CEO of Satyam Computers, Mr Ramalinga Raju too may have to join the mourning.
When the Satyam Computers fraud came out in the open, it was a popularly debated fact if YSR was shielding the architect behind the epic Rs 7,800 crore scam.
During this period, YSR faced criticism for supporting and protecting Ramalinga Raju. While his request for the CBI probe into to scam was seen as an effort to protect Ramalinga Raju, his government constantly became the victim of scathing attacks of leaders and the public.
So, now the question is will the demise of YS Rajashekhara Reddy have an impact on Ramalinga Raju and his accomplices, and how?
Court extends Ramalinga Raju's remand by 14 days
PTI 5 August 2009
HYDERABAD: A local court on Wednesday extended the judicial remand of Satyam founder B Ramalinga Raju and eight other accused in the multi-crore rupee fraud case in the IT company by 14 days.
The XIV Additional Chief Metropolitan Magistrate extended the remand of Ramalinga Raju, his brother Rama Raju, former Satyam CFO Vadlamani Srinivas, former auditors of Price Waterhouse S Gopalakrishnan and Talluri Srinivas and three former employees of the IT firm till August 19.
The accused, who have been lodged in the Chanchalguda jail, were produced before the magistrate on Wednesday.
HYDERABAD: A local court on Wednesday extended the judicial remand of Satyam founder B Ramalinga Raju and eight other accused in the multi-crore rupee fraud case in the IT company by 14 days.
The XIV Additional Chief Metropolitan Magistrate extended the remand of Ramalinga Raju, his brother Rama Raju, former Satyam CFO Vadlamani Srinivas, former auditors of Price Waterhouse S Gopalakrishnan and Talluri Srinivas and three former employees of the IT firm till August 19.
The accused, who have been lodged in the Chanchalguda jail, were produced before the magistrate on Wednesday.
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