Ramalingaraju will appear before SEBI on Saturday at 4 pm

Friday, January 9, 2009

Finally all the rumors that Mr.Raju is in Dubai or he is in Texas comes to an end hopefully.
Acording to Economic times, Mr.Raju's Lawyer confirmed on Friday that Disgraced Satyam chief B. Ramalinga Raju will appear before market watchdog Securities and Exchange Board of India (SEBI) at 4 p.m.Saturday to answer the summons served on him in connection with a Rs.70-billion accounting fraud.
His lawyer said that Ramalingaraju is having an health disorder and he was very much in Hyderabad but he is gonna appear on saturday.And when SEBI team visited his residence in Hyderabad but neither raju nor his family members were not available at their residence.Well Well Well tormorrow is gonna big day if this happens. I am really sad to see Ramaligarju being at a such respectful position and commited such an unethical thing which costs the lifes of the employees and Investors and reputation of Indian IT.
Mr.Raju you gonna answer tomorrow why it has been done.......

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