Satyam case: Court records BoB official's statement as witness

Tags: BoB, court, Satyam, News
A local court trying the multi- crore Satyam fraud case today recorded the statement

RELATED ARTICLES

of an official of Bank of Baroda as a witness in the case.

U Venkateswarlu, then manager of BoB Bowenapally branch in which Satyam Computers has been maintaining current accounts, said the company availed a bank guarantee of Rs2.80 crore between 2001 and 2008.

The SCSL still has an outstanding of Rs1.9 crore to be cleared and the total transactions during the period were about Rs 6 crore, he informed the court.

B Ramalinga Raju the prime accused in the case, who attended the court in the morning for a brief period, left the court halfway.

Meanwhile, Dr Ajit Kumar, a gastroenterologist in Nizam Institute of Medical Sciences (NIMS), who has been treating Ramalinga Raju for Hepatitis-C, said the former Chairman has to be administered six more injections as part of the treatment.

"He has not consulted us after he was sent back to the prison. His injection is due today. However we have not heard from him so far today," Dr Ajit Kumar said.

When contacted, Chanchalguda prison authorities said Raju did not seek any permission from them to go to NIMS for taking the injection.

"Ramalinga Raju has not sought any permission from us for the injection. If a request comes from him, our prison doctors will examine it and take a decision," Chanchalguda Jail Superintendent K Umapathi said.

In January 2009, Raju had admitted to the multi crore accounting fraud at Satyam Computer, now known as Mahidra Satyam -- a part of the Mahindra group.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

FC NEWSLETTER

Stay informed on our latest news!

EDITORIAL OF THE DAY

  • Foreign brokerages must be Street-smart to win battle of bourses

    Earlier this week, Financial Chronicle reported that foreign brokerages were failing to crack the retail broking market in India, once seen as very pr

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

India needs to project soft power

The rise from a regional to a global p­ower is ...

Robert Clements

Walk the talk when giving others advice

The only thing one does with advice is to pass ...

Bubbles Sabharwal

Keeping our value system uninjured

Every time one reads a newspaper, there is fr­esh news ...