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Satyam scam: Raju surrenders before CBI court

Hyderabad: B Ramalinga Raju, the prime accused in the Satyam multi-crore accounting scam, has surrender before a CBI court in Hyderabad on Wednesday.

Today was the deadline set by the Supreme Court for Raju to surrender. The apex court has yesterday cancelled Raju’s plea for an extension of his bail term.

Earlier, his counsel Bharat Kumar said they may approach court if Raju’s health condition demands hospitalisation.

“We may seek appropriate orders from the court as and when situation arises,” Kumar said.

The Supreme Court on October 26 cancelled the bail granted to Satyam founder Raju, his brother B Rama Raju and four others by the Andhra Pradesh High Court in the Rs 14,000-crore accounting fraud and had asked them to surrender by November 10.

The apex Court had also directed the special court in Hyderabad, which is conducting the trial in the Satyam case, to conclude its proceedings by July 2011.

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