The chairman of Satyam Computer  was arrested on Friday on charges of cheating and forgery, a state police chief said on Friday, two days after the executive resigned from the outsourcer.

Chairman and founder Ramalinga Raju was arrested along with his brother and co-founder B. Rama Raju on charges of criminal breach of trust, criminal conspiracy, cheating, falsification of records and forgery, S.S.P. Yadav, police chief of the southern Andhra Pradesh state, whose capital Hyderabad is home to Satyam, told Reuters.

Raju resigned on Wednesday after revealing years of accounting fraud, which has called into question the future of the outsourcing company. He will appear before the market regulator on Saturday. Source

Read all about Satyam Scandal / Ghotala at

www.Ghotala.in

• Satyam CFO, who attempted suicide, had offloaded over 92,000 shares
• Satyam’s bank statements go missing
• In India, Crisis Pairs With Satyam Fraud
• Raju family also pledged Maytas stocks, assets as collateral
• Satyam head Raju arrested, board scrapped
• Satyam’s U.S. Investors File Actions Alleging Fraud
• ‘Satyam fraud: Not a one man show’
• Does Satyam have cash to pay salaries?
• Satyam CFO Srinivas Vadlamani Attempts Suicide
• A team from India’s capital markets regulator will meet Satyam’s Raju

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