Ramalinga Raju, Satyam founder surrendered himself to the police in the night. News was coming out that he will be arrested.
B Ramalinga Raju tonight surrendered before the Director General of Andhra Pradesh Police S S P Yadav, a police spokesperson said.
"I am prepared to subject myself to the laws of the land and face the consequences thereof" Raju had said in a confessional statement.
Raju, whose whereabouts were a matter of speculation ever since he made the startling disclosure on Wednesday about the Rs 7,800 crore financial fraud, had been in hiding and was summoned to appear before the SEBI tomorrow.
According to TV reports, Satyam CFO Srinivas Vadlamani would also be arrested by AP police on Saturday.
CBCID will produce Raju in court within 24 hrs.
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