ANDHRA PRADESH

Satyam accused to be examined from Mar. 23

Special Correspondent

HYDERABAD: The Court of Economic Offences here will examine the accused in Satyam Computers fraud, excluding the former company chairman B. Ramalinga Raju and his former CEO Ram Mynampati, for corporate offences from March 23.

The court separated cases against Mr. Raju and Mr. Mynampati since they are not appearing before it for various reasons and decided to launch the proceedings against the rest of the accused in seven cases filed by the Serious Fraud Investigation Office (SFIO) of the Ministry of Corporate Affairs.

While Mr. Raju is undergoing treatment for Hepatitis – C at the Nizam's Institute of Medical Sciences (NIMS), the court has no communication from Mr. Mynampati who is reported to be in the US. Court summons issued to Mr. Mynampati four or five times met with no response from him. Among those who figure in the cases filed by the SFIO include former Cabinet Secretary T.R. Prasad, former director of IIT V.S. Raju and former Dean of Indian School of Business M. Rammohan Rao. The court conceded the request of Vinod K. Dham, considered the father of Pentium, to dispense with his personal attendance and received a similar petition from US based academic Krishna G. Palepu. The latter informed the court on Friday that he was in China on an official assignment. All of them are former directors of Satyam.