Apex court rejects Raju’s plea on surrender

NEW DELHI - The Supreme Court Tuesday rejected an application by former chairman of Satyam Computer Services Ltd B. Ramalinga Raju seeking four weeks to surrender before the trial court.

The Supreme Court had Oct 26 cancelled Raju’s bail and had directed him to surrender before the authorities on or before Nov 10.

Raju sought four weeks time to assist his lawyer in preparing the case in the Satyam scam. The trial commenced Monday.

Raju shocked the corporate India by admitting to a Rs.7,800-crore accounting fraud in the IT major. While resigning as chairman of the firm, he confessed Jan 7 that the company cooked its books resulting in “inflated (non-existent) cash and bank balances” over several years.