AP HC stayed ED Order attaching 822cr Rupees deposit in Money Laundering Scam

Dec 11, 2012, 16:39 IST

India Current Affairs December 2012. Andhra Pradesh High Court stayed a provisional order of Enforcement Directorate(ED) attaching 822 crore rupee deposit belonging to Mahindra Satyam in a money laundering case

B Ramalinga RajuAndhra Pradesh High Court on 11 December 2012 stayed a provisional order of Enforcement Directorate(ED) attaching 822 crore rupee deposit belonging to Mahindra Satyam in a money laundering case involving former Satyam Chairman B Ramalinga Raju and others.

Justice P V Sanjay Kumar also stayed the notice issued by the adjudicating authority to Mahindra Satyam ,Satyam Computer Services Ltd, asking company officials to appear before it with regard to the case.

The Enforcement Directorate had on 18 October 2012 issued a provisional attachment order of the company's fixed deposits of 822 crore rupee in the money laundering case related to the previous management.

Jagran Josh
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