AP HC stays ED order in Satyam case

HYDERABAD: The Andhra Pradesh High Court today stayed a provisional order of Enforcement Directorate attaching Rs 822 crore deposit belonging to Mahindra Satyam in a money laundering case involving former Satyam Chairman B Ramalinga Raju and others.

Justice P V Sanjay Kumar also stayed the notice issued by the adjudicating authority to Mahindra Satyam ( Satyam Computer Services Ltd), asking company officials to appear before it with regard to the case.

The Enforcement Directorate had on October 18 issued a provisional attachment order of the company's fixed deposits of Rs 822 crore in the money laundering case related to the previous management.