Satyam: Raju's brother, 4 others get bail
Tuesday, 20 July 2010, 22:38 IST
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Satyam: Raju's brother, 4 others get bail
Hyderabad: After an year being booked in the biggest corporate fraud case in India, the Andhra Pradesh High Court has granted bail to five accused in the multi-crore rupee Satyam scam. The court today granted bail to the prime accused Ramalilnga Raju's brother and former managing director, B Rama Raju and former chief financial officer Vadlamani Srinivas. The other three are also former Satyam employees - G. Ramakrishna, vice-president (finance), D. Venkatapathi Raju, senior manager (finance), and Srisailam, assistant manager. With this, all Satyam accused except B Ramalinga Raju have got bails from various courts on different occasions. The High Court has last month rejected the bail plea of Ramalingam Raju. All the accused are facing charges of criminal conspiracy, criminal breach of trust, cheating, forgery and falsification of accounts. Earlier, solicitor general of India Gopal Subrahmaniam had urged the court not to grant bail to any of the key accused which would result in tampering of evidence and influencing the witnesses.
Source: IANS
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