Comments
Hyderabad High Court today ordered removal of Tech Mahindra from the charge sheet filed by the Enforcement Directorate 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 today 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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.