Court permits CBI for attachment of Ramalinga Raju properties

The City Civil Court has granted permission for attachments of disgraced Satyam chairman Ramalinga Raju ‘s 120 crores worth properties in Satyam case.

The CBI has filed petition in the court for requesting attachment of properties as the case is almost in ending state. In this regard the court has given the judgment.Apart from CBI, the Enforcement Directorate has attached properties of Raju and his family. ED stepped in after it found sufficient evidence against the promoter for violation of the Foreign Exchange Violation Act and Prevention of Money Laundering Act. Properties were registered in the name of his brothers, sons, wife and a firm floated by the family.

Properties owned by Ramalinga Raju, his wife and family members which worth 120 + crores in Andhra Pradesh, Karnataka, Tamilnadu and Maharashtra were identified. The properties include his house at Hyderabad, Properties worth Rs 2.48 crore in 44 locations in AP.