Satyam case update: AP govt to attach Raju's properties

The Andhra Pradesh government has finally decided to attach the properties of B Ramalinga Raju, three-and-a-half years after erstwhile poster boy of the Indian IT sector shook the nation with a Rs 14000-crore Satyam scam.

Raju, former promoter of Satyam Computer Services, had confessed in January 2009 that he had falsified the company's accounts and misled shareholders. The CBI subsequently arrested him and nine others for the self-confessed fraud and filed its first chargesheet in 2009 itself.

Sources told CNBC-TV18 that the AP government has given a go-ahead on request from the CBI. It has identified properties in 44 locations worth Rs 2.48 crore.

These properties are located in three districts. The state government had earlier attached Raju's properties worth Rs 4 crore.

Earlier, the Supreme Court had cancelled Raju's bail and had directed the trial court to take up the case on a day-to-day basis and conclude the trial of this case on or before 31 July 2011.

Nearly a year has lapsed since the Supreme Court deadline and ED has not even launched its trial in the Satyam case over the 'mandate' issue.