Enforcement Directorate says no to Tech Mahindra petition

DC CORRESPONDENT
Published Jul 2, 2014, 6:59 am IST
Updated Mar 31, 2019, 9:51 pm IST
Case against Satyam Computers (Tech M) was registered in 2009 under PMLA Act
Tech Mahindra   (Photo: DC archives)
 Tech Mahindra (Photo: DC archives)

Hyderabad: The Enforcement Directorate on Tuesday opposed a plea by Tech Mahindra seeking the Hyderabad High Court to quash the criminal proceedings against the latter in a lower court with regard to the Satyam Computers scam.

Justice Naveen Rao was hearing the plea of the company. P.S.P. Suresh Kumar, counsel for the enforcement directorate, said that a case against Satyam Computers (now merged with Tech Mahindra) was registered in 2009 by the ED under the Prevention of Money Laundering (PMLA) Act.

 

He said the trial will be conducted only against the old management of Satyam. He said as the scheme of amalgamation of Satyam and Tech Mahindra was approved by the High Court, it was mandatory for the new company to obey the conditions and cooperate for the trial.

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