Andhra Pradesh

A S Murthy becomes new CEO of Satyam

Andhra Pradesh MapHyderabad, Feb. 5 : A S Murthy was appointed as the new CEO of the Satyam Computer Services on Thursday after the besieged board of the IT company upgraded his profile from the global business head.

Partho S Dutta and Homi Khusrokhan became Special Advisors of Satyam.

More arrests were being speculated during the day in 7,800 crore rupees fraud involving the IT giant.

CID officials probing the case have indicated more arrests in a fortnight.

Andhra police to make further Satyam-related arrests

Hyderabad, Feb 4 : The Andhra Pradesh police is expected to arrest more people in connection with the Rs. 7, 800 crore Satyam Computers fraud case.

"We are constantly scrutinising the seized documents and trying to retrieve data from hard-disks and laptops recovered during the raids in residences and offices of Satyam officials including its former chairman B Ramalinga Raju," a senior Central Bureau of Investigation (CID) official investigating the Satyam fraud said on Thursday.

The Central Bureau of Investigation has loaded 25 trunks with seized documents that are being looked into by financial experts.

February 3rd To See Rs 500 Laptop Display

February 3rd To See Rs 500 Laptop DisplayOn 3rd February, when the National Mission on Education through Information and Communication Technology is launched; the people would also see a $10 laptop (Rs 500) prototype, with 2 GB RAM capacity, would be on display in Tirupati.  

The latest $10 laptop project has arrived as a response to the $100 laptop of MIT's Nicholas Negroponte, which he was trying to sell to India. This $10 laptop had been possible due to the efforts put in by students of Vellore Institute of Technology, scientists in Indian Institute of Science, Bangalore, IIT-Madras and involvement of PSUs like Semiconductor Complex.

Raju brothers, Srinivas bail plea dismissed

Raju brothers, Srinivas bail plea dismissedHyderabad, 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.

Two Pricewaterhouse Coopers officials arrested in Satyam fraud case

Ramalinga RajuHyderabad, 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.

Andhra CM Reddy allotted 50 acres to Satyam

Andhra CM Reddy allotted 50 acres to SatyamHyderabad, Jan 20: Under instructions of Andhra Pradesh Chief Minister Y. S Rajasekhara Reddy, a Government Order (GO) was passed to allot 50 acres of land to Satyam Computer Services in Visakhapatnam for developing an IT Special Economic Zone (SEZ).

Reddy had earlier denied giving any political patronage to former Satyam Chairman, B Ramalinga Raju.

He told a TV channel that Raju had already become very big before he became Chief Minister.

Raju received protection under his predecessor Telegu Desam Party (TDP) chief Chandrababu Naidu, he added.

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