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Ramalinga Raju in Hyderabad, claims lawyer
By    IANS
Thursday,08 January 2009, 21:25 hrs
Hyderabad: Satyam Computer founder-chairman B. Ramalinga Raju, whose whereabouts are not known after his shocking admission of massive financial fraud, is in the city and has no intention to avoid the process of law, his lawyer claimed Thursday even as a top company official said they did not rule out filing a criminal case against him.



Lawyer S. Bharat Kumar said in a statement Thursday, "My client B. Ramalinga Raju is very much available in Hyderabad. He denies reports appearing in a section of media that he is absconding or has fled from the country."

Meanwhile, Ram Mynampati, the interim CEO of Satyam Computers, told a news conference here Thursday evening that he had no knowledge of Raju's whereabouts. "But I assuming that he is in Hyderabad," he said.

To a query, he said he did not rule out filing a criminal case against Raju. "Many actions are possible once we ascertain the validity of Mr Ramalinga Raju's statement," he said.

Lawyer Kumar said Raju engaged his services to represent him in the legal matters pertaining to his statement to the Satyam board Wednesday.

Raju had stated in his letter to Satyam board Wednesday that he was ready to face the law of the land and the consequences.

"Under instructions from my client, I communicate that Raju had made it very clear that he was prepared to subject himself to the law of the land and face consequences arising thereof. Should the need arise, Raju will make himself available for probe or any legal process by the agencies of the government," the statement said.

"At the cost of reiteration, I make it clear that Raju has no intention to avoid the process of law," Kumar added.

Raju became incommunicado after sending a letter to Satyam board Wednesday morning, and confusion prevailed after a TV channel reported that he had left either for the US or Dubai.

Raju is believed to have met nobody in the last two days. It is also possible that he might have handed over his letter to company officials before becoming incommunicado.

The Hyderabad police are reportedly trying to find Raju's whereabouts.

The Andhra Pradesh government has ordered a probe by crime branch. Police Commissioner B. Prasada Rao Wednesday said the police would act only if a shareholder or regulator lodges a complaint against Raju.

Some police teams were also sent to Satyam offices in the city to trace him but were unsuccessful.

A team of officials from market regulator SEBI (Securities and Exchange Board of India) arrived here Thursday and begin the probe amid speculation that police might arrest Raju after he confessed to a Rs.70-billion (Rs.7,000-crore) fraud Wednesday.

"A SEBI team is in Satyam today. It is talking to few associates. We expect the process to continue for few days," Ram Mynampati told the news conference.

     
   
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Reader's comments(7)
1: meadia makes everything bad. dont make a mountain over a mud
Posted by: Dhanya Menon - 02:00 AM Jan 12, ' 09
2: Perfect Crime. This is the real life Don... and the chase begins.
Posted by: Don John - 07:58 PM Jan 10, ' 09
3: in my opinion Mr.B.Ramalingaraju wont do any fraud b'coz he didnt cheat any one of the employee.He cheats himself.Most of the losses are bearing by him right.So need not to imprisoned him 4r 10years
Posted by: anjali timmaraju - 01:12 AM Jan 10, ' 09
4: People...... get in to actuals before writing anythin....
Posted by: vikky - 07:52 AM Jan 09, ' 09
5: Im changing the heading of this a bit

Ramalinga Raju in Hyderabad .....laughing at the way the world around him suffers while counting his own money in his posh home worth about 38 crore
Posted by: Vikas - 03:18 AM Jan 09, ' 09
6: He has cheated not only the organization but also the whole india,because of him indi will face much negative consequences.He is the most culprit guy.It is a black day for india and all indian from IT Field.
Posted by: Amit Nigam - 10:33 PM Jan 08, ' 09
7: If he is then why don't he come oout and say it himself? may be he is not sure if he will be able to go back after coming out.
Posted by: shonam - 08:19 PM Jan 08, ' 09

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