Former Chairman of Satyam Computer Services was was taken into judicial custody until Jan. 23.
Ramalinga and his brother B. Rama Raju was produced in court on Saturday (January 10) and was taken into judicial custody until Jan. 23.
Addressing reoprters in Hyderabad his lawyer S. Bharat Kumar said that he would move the bail plea of Raju brothers on Monday.
“Now he is taken to Chanchalguda central jail. His blood pressure was fluctuating abnormally and the honourable magistrate had directed the jail doctors to monitor his health constantly and provide treatment. Ramalinga Raju and his brother B. Rama Raju never sought the permission for the hospital treatment,” Kumar said.
Chairman and founder Raju resigned on Wednesday after revealing years of accounting fraud at Satyam, including an admission that about $1 billion, or 94 percent of the cash and bank balances on Satyam's books at end-September, did not exist. (Agencies)
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