Ghotala.in

Their counsel is expected to apply for bail on Monday while the police will push for custody.

According to reports, the Andhra CID also raided Satyam’s headquarters on Sunday, and some searches were carried out at Ramalinga Raju’s house.

Meanwhile, Satyam’s chief financial officer V Srinivas was sent to judicial custody on Sunday.

The 18-member CID team seized a laptop, some files and documents from Srinivas’s house. Sources in the CID have told NDTV that some more members of the erstwhile Satyam board will be questioned in the next few days.

Andhra Pradesh Chief Minister Rajasekhara Reddy however said he had no issues if any other agency like the CBI also wanted to investigate the fraud. Reddy, who has known Raju closely, said it was clearly greed and ambition that did him in.

“I could not imagine something like this could have happened, that a person like Raju could be involved in something like this,” said Reddy.

Satyam and Maytas have been awarded several contracts by the Andhra Pradesh government - like the Hyderabad Metro Rail, Machilipatnam Port and several irrigation projects. Raju’s arrest have brought these high-profile projects under the scanner.