Hyderabad, Jan 12 : The Hyderabad court on Monday deferred the hearing of the bail plea of Ramalinga Raju to January 16.

Besides Ramalinga Raju, the court also deferred the hearing of the bail plea of Ramalinga''s brother Rama Raju and Satyam''s Chief Financial Officer Vadlamani Srinivas.

All are in judicial custody till January 23 and have been lodged in the Chanchalguda Central Prison.

The Security and Exchange board of India (SEBI), which had also filed petition for quizzing Raju and the two others while they are in judicial custody, has been told by the court to defer it till the same date.

Hyderabad, Jan 12 : The first formal meeting of the newly constituted board of Satyam Computers will be held here today to chart out the future course of action.

On Sunday, the government appointed three new members on Satyam''s Board. Three members are HDFC Chairman Deepak Parekh, former Nasscom chairman Kiran Karnik and former SEBI member C Achutan.

New York-listed Satyam welcomed the reconstitution of the board, saying it would ensure the outsourcer''s continued operations, help maintain customer confidence and staff morale, and restore investor trust.

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.

Hyderabad, Jan. 10: Andhra Pradesh Police arrested disgraced former founder-chairman of Satyam Computers B. Ramalinga Raju and his brother and former Satyam MD B. Rama Raju on Friday night for cheating and forgery.

The Crime Investigation Department (CID) of the police arrested Ramalinga Raju and Rama Raju on charges of "criminal breach of trust, criminal conspiracy, cheating, falsification of records and forgery," said Director General of Police S. S. P. Yadav.

Hyderabad/Mumbai, Jan 9 : The recent corporate fraud of inflated profits of Satyam Computer, the country''s fourth-largest software company, has shocked investors in India.

Newspapers across the country on Friday carried the headlines screaming for the authorities to take action against the corporate fraud in order to reinstate the investor confidence.

Satyam employees shuffled into its Hyderabad office refusing to comment on anything. But employees of the software companies in Hyderabad said that the truth needed to come out soon so that air could be cleared.

New Delhi/Hyderabad, Jan. 8 : The Central Government on Thursday ordered a probe into the books of accounts of eight subsidiaries of Satyam Computer Services, a day after the company''s former chairman and managing director, B Ramalinga Raju, admitted that the company had forged accounts.

The inspection would be conducted as per the provisions of Section 209A of the Companies Act, Corporate Affairs Minister Prem Chand Gupta told reporters on Thursday.