High Court orders ED to remove Tech Mahindra from Satyam scam case
Justice Vilas Afzalpurkar on Monday held that Tech Mahindra cannot be held responsible for the acts committed by Satyam Computers Services before the acquisition.
- Dec 22, 2014,
- Updated Dec 22, 2014 8:08 PM IST
The Hyderabad High Court on Monday ordered the removal of Tech Mahindra from the chargesheet filed by the Enforcement Directorate (ED) for money laundering against the erstwhile Satyam Computers Services (SCSL) and its promoters.
The ED's contention was that as Tech Mahindra acquired Satyam, it automatically became an accused in the scam. Tech Mahindra challenged this in the High Court.
Justice Vilas Afzalpurkar on Monday held that Tech Mahindra cannot be held responsible for the acts committed by SCSL before the acquisition.
ED lawyer PSP Suresh Kumar said the agency would decide the course of action after receiving the order copy.
The Hyderabad High Court on Monday ordered the removal of Tech Mahindra from the chargesheet filed by the Enforcement Directorate (ED) for money laundering against the erstwhile Satyam Computers Services (SCSL) and its promoters.
The ED's contention was that as Tech Mahindra acquired Satyam, it automatically became an accused in the scam. Tech Mahindra challenged this in the High Court.
Justice Vilas Afzalpurkar on Monday held that Tech Mahindra cannot be held responsible for the acts committed by SCSL before the acquisition.
ED lawyer PSP Suresh Kumar said the agency would decide the course of action after receiving the order copy.