The chairman of India''s Satyam Computer Services was taken into judicial custody until January 23, his lawyer said on Saturday, as authorities seek to unravel India''s biggest corporate scandal.
Ramalinga Raju and his brother B. Rama Raju, Satyam''s co-founder and managing director, were arrested late on Friday on charges of criminal breach of trust, criminal conspiracy, cheating, falsification of records and forgery.
"He has been sent to judicial custody till January 23," S. Bharat Kumar, Ramalinga Raju''s lawyer told reporters outside a magistrate''s residence in the southern city of Hyderabad. His brother was also remanded until January 23, and both will be held at the city''s Chanchalguda jail.
According to Kumar, the magistrate said Ramalinga Raju''s health was to be monitored after he said his client was not well. Kumar added he would file a bail application on Monday. Separately the Indian government said it was working on selecting a new 10-member board for Satyam, after it dissolved the outsourcers'' board on Friday ahead of a planned Saturday meeting.