File memo in Satyam case soon, CBI told

File memo in Satyam case soon, CBI told

Referring to a petition by Mahindra Satyam, which had acquired Satyam, seeking release of the record rooms at both the premises which were sealed by CBI as part of the investigations, special judge trying the Satyam scam cases BVLN Chakravarti asked the investigating agency to file a memo to pass orders on the application.

The counsel for Mahindra Satyam told the court that the CBI has locked both the premises ever since it took over the investigations into the case in February last year.

CLB order
“The petitioner company (Mahindra Satyam) has been directed by Company Law Board to restate/reinstate the accounts of Satyam Computer Services Limited (SCSL) by June 30, 2010,” the counsel said adding the documents seized have been kept in financial records Godown of SCSL at Satyam Technology Centre (STC) Bahadurpally and also ‘My Home Hub’ premises. It is imperative for the petitioner company and its auditors to have access to these records for verifying and for defending proceedings and litigations and also for taking further steps to defend and proceed in various cases including class action suits pending in the US court and other courts abroad, the counsel for Mahindra Satyam contended.
The counsel requested the judge to pass an interim order directing the CBI to provide it limited access of record rooms at Satyam Technology Centre (STC) and ‘My Home Hub’.
Press Trust of India

Report on Raju’s health sought
A city court trying the Satyam scam cases directed a hospital here to file a detailed report on health status of former chairman of Satyam Computers B Ramalinga Raju before it by April 16.

Raju, prime accused in the multi-crore financial fraud in Satyam Computers, is undergoing treatment for Hepatitis C at the Nizam’s Institute of Medical Sciences (NIMS). He has not attended court proceedings since September last year citing health reasons.