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Court extends Raju's remand by 14 days
May, 28th 2009

The remand of Satyam founder B Ramalinga Raju and seven others accused in the multi-crore accounting fraud in the IT firm was further extended by 14 days by a local court here today.    

Ramalinga Raju, his brother Rama Raju and six other accused were produced before the in-charge judge of XVI Additional Chief Metropolitan Magistrate, subsequent to which their judicial custody was extended till June 10.    

Satyam accused are lodged in Chanchalguda jail here.    

Satyam's former CFO Vadlamani Srinivas, two former auditors of Price Waterhouse S Gopalakrishnan and Talluri Srinivas - are among the eight accused.    

This is the fourth time that disgraced Satyam founder Ramalinga Raju has been produced in the court since his arrest in January.

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