Hyderabad, Jan. 28 : A city court on Wednesday rejected the bail plea of Satyam''s tainted founder Ramalinga Raju, former managing director Rama Raju and former CFO Vadlamani Srinivas.

The hearing of separate petition related to the bail application and police custody of SRSR Holding general manager Gopala Krishna Raju is scheduled for Thursday.

Ramalinga Raju's held stakes in Satyam through SRSR Holding, which is promoted by Raju's family.

Ramalinga Raju, Rama Raju and Srinivas will remain in judicial custody till January 31.

Hyderabad, Jan. 25 : The Crime Branch of the Andhra Pradesh Police arrested two senior auditing executives of PricewaterhouseCoopers (PwC) on Saturday here for their role in the multi-crore Satyam fraud.

PricewaterhouseCoopers was the company of auditors for Satyam Computers Services Limited and its role has been widely criticised for overlooking the manipulations mooted by B Ramalinga Raju, the founder and former Chairman of Satyam Computers.

Soon after their arrest, the PwC executives were sent to judicial remand till February 6.

New
Delhi - The founder of fraud-hit Indian information technology firm
Satyam had diverted billions of rupees from the company and inflated
the number of employees to withdraw cash, a public prosecutor said
Thursday according to news reports.

The prosecutor made the comments during a hearing of the police's
request for extension of custody of Satyam founder Ramalinga Raju and
the company's former chief financial officer Vadlamani Srinivas in a
court in the southern city of Hyderabad, PTI news agency reported.

Hyderabad, Jan 22 : The six-member board of Satyam Computer Services, will begin a vital two-day meeting in Hyderabad today with the objective of appointing a Chief Executive Officer (CFO) and a Chief Financial Officer (CFO).

This will be the third meeting since the Company Law Board dissolved the previous board after exposure of a huge scam committed by accused Satyam promoter, B. Ramalinga Raju.

The appointment of the two key posts was originally planned to held in Mumbai but was shifted to Hyderabad.

Hyderabad, Jan 19 : The Andhra Pradesh High Court on Monday rejected a revision petition filed by Satyam Computer Services former Chairman B. Ramalinga Raju against his police custody.

The petition was dismissed by divisional bench comprising Justices Seethapathi and Swarupa Rani.

Ramalinga Raju, his brother Rama Raju and company''s Chief Financial Officer Vadlamani Srinivas moved the High Court this morning. They were formally taken into police custody for four days and were grilled by Crime Investigation Department (CID) sleuths.

Hyderabad, Jan 19 : A Hyderabad court on Monday fixed January 22 as the next date for hearing the bail plea of Satyam''s former chief B Ramalinga Raju.

A court also deferred SEBI petition seeking permission to question Ramalinga Raju till the same date.

Ramalinga Raju, his brother Rama Raju and company''s Chief Financial Officer Vadlamani Srinivas, are in police custody since Sunday. They were formally taken into police custody for four days and were grilled by Crime Investigation Department (CID) sleuths.