Local court reserves order on Raju brothers' plea

Judge K Sudhakar of the XIV Additional Chief Metropolitan Magistrate today reserved his order to August 13. Opposing the pleas of Ramalinga Raju’s sons Teja Raju and Rama Raju, CBI Deputy Legal Adviser B Ravaindranath said the investigating agency had got the permission to carry further investigation into allegations of diversion and misappropriation of money belonging to Satyam Computer.

The CBI prosecutor said Teja Raju, the eldest son of Ramalinga Raju, received several crores of rupee by offloading the shares of Satyam during the fraud period and deposited it in various banks.

The CBI prosecutor informed the court that Ramalinga Raju, his brother Rama Raju and ex-CFO Vadlamani Srinivas are yet to undergo the lie-detector and brain mapping test and that the case in at a crucial stage.

The investigation is in full swing and  de-freezing the accounts at this stage would impede the investigation,he said. Teja Raju, who is the vice-chairman of Maytas Infra, filed a petition in the designated court on May 26 seeking permission to de-freeze three saving banks accounts in HDFC Bank in the city.

In his petition, Raju said that his firm deals with various projects and being a businessman “I have to deal with accounts for maintaining the business.” In another petition, Rama Raju, the youngest son of Ramalinga Raju prayed the court to direct the authorities to return the electronic articles seized by the CID from his Jubilee Hills residence.

Liked the story?

  • 0

  • 0

  • 0

  • 0

  • 0