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Thursday, January 08, 2009

Where did Raju go ?


Ramalinga Raju's lawyer said the disgraced Chairman has no plans to avoid the process of law and that he has not fled India. His lawyer said Raju is still in Hyderabad.


Raju's lawyer's letter has ended speculations on the whereabouts of Ramalinga Raju, Former Chairman of Satyam Computers, after he resigned on Wednesday, confessing to a Rs 7,000 crore fraud. Raju could not be contacted after he sent a letter to the Satyam board of directors on Wednesday.


Raju, in an e-mail through his lawyer, said he is ready to face the consequences and that he will make himself available for any legal probe.

On the other hand, an Andhra Pradesh CID official has said there has not been any complaint against either Satyam or Raju thus far.

via CNBC