Raju brothers, Vadlamani sent to 4 days police custody

HYDERABAD: B Ramlinga Raju, the mastermind behind the Satyam fraud case has been remanded to police custody from January 18 to January 22.

The sixth additional chief metropolitan magistrate K Ramakrishna has issued orders for the custody of B Ramaling Raju, his brother B Rama Raju and ex-CFO, Srinivas Vadhlamani.

The Crime Investigation Department will now be able to interrogate them during day hours in the presence of Raju's counsel.

The magistrate has also asked the police to provide Ramalinga Raju, the first accused, with medical treatment for his ailing conditions.

Ramalinga Raju had admitted to committing one of the biggest corporate frauds in the history on corporate India. On January 7, he had written a letter to stock exchanges confessing that he had fudged the company accounts thereby committing a fraud to the magnitude of Rs 7,000 crore.

He was arrested under five sections of the Indian Penal Code���section 120B for criminal conspiracy, section 420 for cheating, section 409 for criminal breach of trust, section 468 for forgery and also section 471 for falsification of records. All the charges are non-bailable offences.