Satyam scam: HC orders removal of Tech Mahindra from ED case
PremiumThe ED's contention was that as Tech Mahindra acquired Satyam, it automatically became an accused
Premium
Hyderabad: Hyderabad high court on Friday ordered removal of Tech Mahindra from the chargesheet filed by the Enforcement Directorate (ED) for money laundering against the erstwhile Satyam Computers Services Limited (SCSL) and its promoters.
The ED’s contention was that as Tech Mahindra acquired Satyam, it automatically became an accused. Tech Mahindra approached the high court challenging this. Justice Vilas Afzalpurkar on Monday held that Tech Mahindra cannot be held responsible for the acts committed by SCSL before the acquisition. ED lawyer P.S.P. Suresh Kumar said the agency would decide the course of action after receiving the order copy.
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