HYDERABAD: A local court in Hyderabad on Monday ordered the removal of Tech Mahindra, which owns Satyam Computer, from the list of accused in a money laundering case filed by the Enforcement Directorate.

ED had said Tech MahindraBSE -1.24 % was also liable for prosecution since the Rs 1,240 crore of proceeds from the fraud perpetrated by the erstwhile management of Satyam Computer flowed into the company.

Tech Mahindra had appealed to the court saying that it acquired the fraud-hit software outsourcer to revive it.