Jan 10 2009
Ramalinga Raju is in jail
The founder and the chairman of the 4th largest Indian IT company Satyam, Ramalinga Raju was arrested yesterday. Both Ramalinga Raju and his brother Rama Raju is in custody from friday. Both of them were arrested yesterday night. Few days before, Satyam founder confessed that he had done a fraud case of Rs 7000 crore. Both of them went to the jail in Hydrabad, by driving their Marcedes. The Andra police has asked them several questions regarding the fraud case for more than 3 hours till the midnight and the police said that within 24 hours they will be produced at the Hydrabad court. The lawyer of Ramalinga Raju is Bharat Kumar.
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