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Rediff News  All News  » Business » Court extends Raju's remand by 14 days

Court extends Raju's remand by 14 days

May 27, 2009 16:13 IST

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

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 Hyderabad's Chanchalguda jail.

Satyam's former chief financial officer Vadlamani Srinivas, two former auditors of PricewaterhouseCoopers -- 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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