Hyderabad, Jan. 10 : Satyam Computer''s disgraced Chairman Ramalinga Raju and his brother Rama Raju were on Saturday remanded to judicial custody till January 23. They will be staying in the Chanchalguda Central Jail.

The Raju brothers were arrested on Friday night and subjected to several hours of interrogation before being produced before the 6th Chief Metropolitan Magistrate at the judges'' quarters at Marredpally in Secunderabad on Saturday evening.

New Delhi - Ramalinga Raju, founder and chairman of Indian information technology firm Satyam Computer, was scheduled to appear in court Saturday, a day after his arrest for a 1.4-billion-dollar accounting fraud.

The police Criminal Investigation Department in the southern city of Hyderabad arrested Raju and his brother, Satyam managing director B Rama Raju, late on Friday.

Ramalinga Raju resigned on Wednesday after revealing in a letter to Satyam's board that he had falsified company balance sheets with fictitious assets and nonexistent cash to the tune of 78 billion rupees (1.43 billion dollars).

Today, Ramalinga Raju, the founder and Chairman of Satyam Computers resigned from the Satyam board.

In a letter written by Raju to the board, he gave details of the balance sheet. It was astonishing to note that the sheet had inflated cash balances of Rs 5040 crore and accrued interest of Rs 376 crore, which in fact is non-existent. Furthermore, Rs 1230 crore was arranged to Satyam and has not been reflected in the books.

While Merrill Lynch can be entrusted to explore possibilities of merger with some other technology company, Ram Myanpati will act as Interim CEO.