Tuesday, 11 December 2012

AP HC stays ED order in Satyam case


Hyderabad:(Page3 News Network)-Andhra Pradesh High Court today stayed a provisional order of Enforcement Directorate attaching 822 crore rupee deposit belonging to Mahindra Satyam in a money laundering case involving former Satyam Chairman B Ramalinga Raju and others.
Justice P V Sanjay Kumar also stayed the notice issued by the adjudicating authority to Mahindra Satyam ,Satyam Computer Services Ltd, asking company officials to appear before it with regard to the case.
The Enforcement Directorate had on October 18th issued a provisional attachment order of the company's fixed deposits of 822 crore rupee in the money laundering case related to the previous management.

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