The former founder and chairman of Satyam Computer B Ramalinga Raju and his brother and former company managing director B Rama Raju have been taken into police custody on Friday (January 9) night. Both Ramalinga Raju and his brother were arrested on charges of cheating and forgery. While informing the media, Director General of Police S.S.P. Yadav said that several charges were levied on Ramalinga Raju and Rama Raju including charges of criminal breach of trust, criminal conspiracy, cheating, falsification of records and forgery.

 

Report confirms that both the brothers accompanied by their lawyers reached the Andhra Pradesh police headquarter and surrendered before the police. Before they were arrested, CID personnel conducted some initial interrogation. The two former officials of Satyam were taken into custody following a criminal case registered against them in the Rs 70 billion financial fraud. The case was registered under the Indian Penal Code (IPC).

 

CID is expected to conduct further interrogation to unearth the financial wrong doings done in the IT company. The two brothers will also be produced before a magistrate. Ramalinga Raju left the post of chairmanship of Satyam admitting massive financial wrong doings done to inflate the profits of the company. Ramalinga's brother Rama Raju also relinquished the post of managing director of the company.

 

Meanwhile, Vadlamani Srinivas, who resigned as Chief Financial Officer (CFO) of Satyam might also be arrested by the CID. After the million-dollar scam, the chief minister Y.S. Rajasekhara Reddy directed CID to investigate the case.