 "Satyam Raju appears in court in money laundering case")
Satyam Computer Services Limited founder B Ramalinga Raju and other accused on Friday appeared before a local court pertaining to a compliant filed against them by the Enforcement Directorate (ED) for violations of foreign currency regulations and money laundering.
Among those who appeared and submitted personal bonds of Rs 10,000 each were Raju, his younger brother and former managing director Rama Raju and former chief financial officer Srinivas Vadlamani. The court posted the matter to May 5, 2014.
On 28 October 2013, the ED had filed a charge sheet against Raju and 212 others before the XXI additional magistrate court in Hyderabad.
The agency, which sought to prosecute the accused under the Prevention of Money Laundering Act, had attached 350 properties worth about Rs 1,075 crore.
Among those who appeared and submitted personal bonds of Rs 10,000 each were Raju, his younger brother and former managing director Rama Raju and former chief financial officer Srinivas Vadlamani. The court posted the matter to May 5, 2014.
On 28 October 2013, the ED had filed a charge sheet against Raju and 212 others before the XXI additional magistrate court in Hyderabad.
The agency, which sought to prosecute the accused under the Prevention of Money Laundering Act, had attached 350 properties worth about Rs 1,075 crore.