HYDERABAD: Ramalinga Raju and his brother Rama Raju have been arrested under IPC 120b, 409, 420, 468 and 471 for criminal conspiracy. The Raju brothers have also been arrested for falsification of records.
Earlier, the disgraced chairman of Satyam Computer Services B Ramalinga Raju surrendered before the Andhra Pradesh Director General of Police, two days after he confessed to perpetrating a Rs 7,000-crore financial fraud. The CID had registered a case based on Raju's confessional statement.
"I am prepared to subject myself to the laws of the land and face the consequences thereof" Raju had said in a confessional statement.
Raju, whose whereabouts were a matter of speculation ever since he made the startling disclosure on Wednesday about the Rs 7,800 crore financial fraud, had been in hiding and was summoned to appear before the SEBI tomorrow.
According to TV reports, Satyam CFO Srinivas Vadlamani would also be arrested by AP police on Saturday.
