Money laundering cases News

A PIL has been moved in the SC seeking directions to `sack` Satyendra Jain and Nawab Malik over the alleged money laundering cases The plea sought directions to ensure that the Minister shall be temporarily debarred from holding the office, after 2 days in judicial custody The plea has sought direction to the Maha govt to sack its Minister Nawab Malik who was arrested on Feb 23 and continues in judicial custody

A local court would pronounce its order on Friday on appeals filed by Satyam Computers founder B Ramalinga Raju and nine others, seeking suspension of their sentences and the fines imposed on them in the multi-crore accounting fraud in the erstwhile IT firm.

The founder of Satyam Computer Services, Ramalinga Raju, who was found guilty in an accounting fraud case and sentenced to seven years` imprisonment last week, has filed an appeal to challenge the court`s verdict.

A special court on Thursday sentenced the former chief of outsourcing giant Satyam to seven years in jail over a USD 2.25 billion accounting fraud scandal dubbed "India`s Enron".

Charges against Raju and others include criminal conspiracy and forgery of valuable security.

The special court found Raju guilty of cheating, forgery and criminal breach of trust.

Raju and others were charged with offences like cheating, criminal conspiracy, forgery and breach of trust under relevant sections of IPC.

A special court here trying the multi-crore accounting fraud in erstwhile Satyam Computer Services Ltd (SCSL) will pronounce its judgement in the CBI- probed case on Thursday.

A special court on Tuesday set March 9, 2015, as the date for the verdict in the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL).

SFIO had filed seven complaints against SCSL and its directors for violations of the Companies Act in the Special Court for Economic Offences here in December 2009.

In a major relief to Tech Mahindra Monday, the High Court at Hyderabad quashed all money laundering cases filed by Enforcement Directorate (ED) against the infotech major.