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Order on Satyam plea reserved

Judgement expected by April 20

Hyderabad: The court of Metropolitan Sessions Judge in Nampally reserved the orders on whether it has the jurisdiction to take up the plea filed by former founder chairman of Satyam Computers Ramalinga Raju and other accused against their conviction. The court is expected to pronounce its judgement on April 20. The arguments on the petition filed by Mr Raju and others ended on Wednesday. Earlier, all the convicts in the case had appealed to the court against the verdict pronounced by the special trial court set-up for the case. The sessions court, which heard their arguments, reserved the orders. The special trial court set up to try the Satyam case found Mr Raju, who founded Satyam in 1987, and 9 others guilty of forging documents and falsifying accounts in what was among India’s biggest corporate frauds. Mr Raju admitted in a five-page letter in January 2009 that Satyam’s profits had been overstated for years and assets falsified.

( Source : dc correspondent )
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