B Ramalinga Raju, the founder-chairman of Satyam Computer, and his brother Rama Raju, who were arrested by the Andhra Pradesh police Friday night, were questioned by the police throughout the night.
B Ramalinga Raju, the founder-chairman of Satyam Computer, and his brother Rama Raju, who were arrested by the Andhra Pradesh police Friday night, were questioned by the police throughout the night.
Police questioned the two for more than three hours, Raju lawyer Bharat Kumar said on Saturday morning.
The Crime branch of Andhra Pradesh booked the two after questioning under charges of fraud, forgery.
Bharat Kumar said that the two have been booked under Section 120 b (criminal conspiracy), 420 (cheating), 406, 467 and 427 (criminal breach of trust, forgery and using forged documents as genuine).
Bharat Kumar said notices were issued around 8.30 after which they both the brother went to the police and they were arrested.
Bail applications will be filed in appropriate court.
Raju undergoes medical check-up
Meanwhile, B Ramalinga Raju on Saturday underwent a medical check-up after he complained of chest pain and uneasiness.
"Raju complained of chest pain and high blood pressure last night. A team of doctors from Care hospital came to the office of Director General of Police at around 3 am for the check-up," L Bharat Kumar, lawyer of Raju, said adding that his condition is normal.
CLB asks Satyam not to implement board decision
The Company Law Board has asked Satyam's interim management for not implementing the decisions of the board, but has allowed it to continue its business, a senior executive of the firm said here on Saturday.
"We are asked by the Company Law Board not to implement the decisions of the Board. But we are allowed to continue our activity. The team which was constituted recently is continuing its work," Satyam Computer Head Global Marketing and Communications Hari Thalapalli said.
Thalapalli further added that business was going on normally at Satyam Computer though an element of uncertainty has crept into the company following the suspension of the Board.
"We are continuing our business as normal. However, there is a movement of uncertainty due to suspension of the board," he said.
Thalapalli said the executives are continuing their job as usual, including collection of receivables, he said. The government had on Friday disbanded the Board of Satyam and cancelled its meeting scheduled for today.
Union Minister for Corporate Affairs Premchand Gupta said a ten-member board will be constituted by the government which will take up its work in about a week.
The members of disbanded board included the company's interim CEO Ram Mynampati, former Cabinet Secretary TR Prasad and an IIT Professor VS Raju.
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