After the lots of controversies the question now in everyone's mind is where is Satyam computer CEO Ramalinga Raju?.
A team of officials from market regulator Securities and Exchange Board of India (SEBI) will arrive in Hyderabad on Thursday to begin a probe amid speculation that police might arrest Raju, but nobody knows his whereabouts.
Raju became incommunicado after sending a letter to the Satyam Board of Directors on Wednesday morning. There was utter confusion after a TV channel reported that he had left either for the US or Dubai.
Raju is believed to have met nobody in the last two days. It is also possible that he might have handed over his letter to company officials before becoming incommunicado.
Sources in Satyam, however, said he was in Hyderabad and might address a press conference later in the day. The reporters who rushed to his house in upmarket Jubliee Hills were told by the security guards that he was attending a meeting in Satyam Infocity at Madhapur.
However, no senior official from Satyam could be reached to confirm this. A large group of reporters waited outside Satyam Infocity till late on Wednesday night but in vain.
The Hyderabad police were also reportedly trying to find the whereabouts of Raju.
The Andhra Pradesh government has ordered a probe by crime branch. Police Commissioner B Prasada Rao on Wednesday said they would act only if a shareholder or regulator lodges a complaint against Raju.
Some police teams were also sent to Satyam offices in the city to find Raju's whereabouts but they were unsuccessful in tracing him as well.
Click here to see the text of his resignation letter. For more details about Satyam scam click the links below.
Satyam scam1
Satyam scam2
Ramalinga Raju's profile
Future of Satyam workers
where is Satyam computer CEO Ramalinga Raju?
Thursday, January 8, 2009 at 8:43 AM Posted by PUSH
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