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Strategies & Market Trends : India Stocks

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To: mlkr who wrote (2068)2/7/2009 10:15:13 AM
From: Julius Wong   of 2517
 
Madoff has the best lawyers.

******

Raju's custody extended; will enjoy special status in jail

Hyderabad, Feb 7 (PTI) A local court today extended the judicial remand of Satyam's former chairman Ramalinga Raju and two others till February 21, while the district magistrate allowed them special treatment in prison.

Raju, his brother Rama Raju and Satyam's former CFO Vadlamani Srinivas would get a cell with an attached toilet, cot, pillows, chair and table, but the three would have to share the room though.

They can now buy their own food, including fruits and biscuits from outside the prison and would also be provided utensils for preparing food.

The 6th additional chief metropolitan magistrate extended the judicial remand of all the five accused in the Rs 7,800-crore Satyam fraud case. It was the fourth extension since their arrest early last month.

Meanwhile, the Hyderabad Collector and District Magistrate Navin Mittal approved the classification of Raju and the two others as 'Special Class' under-trial prisoners and directed the Superintendent of Chanchalguda Central Prison to facilitate the special status to them.

Earlier, the magistrate court had recommended to the Hyderabad Collector to grant them special status, following an application by the trio on January 12 to this effect.

The recommendation was made on the ground that they are accustomed to superior mode of living by virtue of their social status, education and habit of life. PTI

ptinews.com
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