New Delhi, Nov. 9  The Supreme Court on Tuesday dismissed the petition of Satyam’s founder-chairman Mr B. Ramalinga Raju asking for extending Wednesday’s deadline for his surrender. As a reason for extension of the deadline to surrender, Mr Raju, in his application, cited ill-health and the ongoing family settlement.

He did not say how much more time he needs before surrendering, but asked the court for a reasonable extension.

The Court had last month cancelled the bail granted by the Andhra Pradesh High Court to Mr Raju and five others including his brother, Mr B. Rama Raju. The court had directed the six persons (including the former Satyam CFO, Mr V. Srinivas, and former company employees Mr V. Raju, Mr Srisailam and Mr G. Ramakrishna) to surrender by November 10, otherwise the CBI shall take appropriate steps in accordance with the law.

Our Hyderabad Bureau reports: The document submitted by scam-hit Satyam Computer Services Ltd to Price Waterhouse were fake, BNP Paribas said.

An official of BNP Paribas, who was examined as a witness in a special court here on Tuesday, said, “Mr B. Ramalinga Raju, founder and ex-chairman of Satyam, submitted fake documents to the auditing firm on the fixed deposits.”

Around 20 documents were examined by the court and the trial was adjourned for tomorrow.

More Under CA, CS, CMA

Posted Under

Category : CA, CS, CMA (3535)
Type : News (12751)

Leave a Reply

Your email address will not be published. Required fields are marked *