SC admits Raju’s bail petition for hearing

The Supreme Court on Friday admitted a petition seeking bail for founder of Satyam Computers B Ramalinga Raju and his brother B Rama Raju arrested in connection with the multi-crore accounting scam.

However, while refusing to give them an interim relief, the apex court has posted the matter for next hearing on November 3 and issued notice to the Central Bureau of Investigation.

When Raju brothers’ advocate Ashok Desai pleaded with the Court for interim relief on the grounds that five other accused in the case have been granted bail on October 12, the court observed that Raju brothers have delayed in approaching it. “Why you delayed in filing the petition,” the court observed while agreeing to give an early hearing to the petition.

Besides Raju brothers, former Chief Financial Officer Vadlamani Srinivas also moved court seeking bail.
Former Satyam employees including former Internal Chief Auditor VS Prabhakar Gupta, G Ramakrishna, D Venkatpathi Raju and Ch Srisailam and former auditor of PricewaterhouseCoopers Subramani Gopalakrishnan were granted bail by the Supreme Court on October 12. Their bail petition was approved as the trial in the case could not be completed by July 31 as was directed by the Supreme Court in October last. (INN)