No action against Raju: Police
The Hyderabad police on Wednesday said it would not take any action for now against B Ramalinga Raju, the disgraced founder-chairman of Satyam Computer Services.
By Karthik Subbaraman, ET Online |
HYDERABAD: The Hyderabad police on Wednesday said it would not take any action for now against B Ramalinga Raju, the disgraced founder-chairman of Satyam Computer Services, who resigned after admitting massive financial fraud at India's fourth-largest software exporting company.
"We will not involve ourselves in the matter now," B Prasada Rao, Hyderabad's police commissioner told ET.
No complaint had yet been registered with the police against either Mr Raju or any other Satyam employee and there was no ground for any arrest to take place at this time, Mr Rao said.
"If a complaint is registered, we will act according to legal procedure. But it is too premature now."
"We will not involve ourselves in the matter now," B Prasada Rao, Hyderabad's police commissioner told ET.
No complaint had yet been registered with the police against either Mr Raju or any other Satyam employee and there was no ground for any arrest to take place at this time, Mr Rao said.
"If a complaint is registered, we will act according to legal procedure. But it is too premature now."
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