Ramalinga Raju Arrested

INDIAN police have arrested Satyam Computer Services founder B. Ramalinga Raju and his brother while the Government removed the company’s directors and regulators took possession of its books, following revelations accounts were falsified over several years.

“Ramalinga Raju has been arrested for having violated several sections of the Indian Penal Code,” S.S.P. Yadav, director general of police of Andhra Pradesh, told Dow Jones Newswires.

Mr Raju has also been charged with criminal breach of trust, cheating, and falsification of record.

He was arrested together with his brother, former Satyam managing director B Rama Raju