Ramalinga Raju's bail plea to be heard on Jan 19

Written by: Super Admin
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Hyderabad, Jan 19: Disgraced Satyam's Ex-CEO, Ramalinga Raju's bail plea hearing is scheduled on Monday, Jan 19 but application for bail will not be an easy one for Raju as SEBI (Securities and Exchange Board of India) has also applied seeking permission to question Ramalinga Raju, brother, Ramaraju, Ex-CFO Srinivas Vadlamani in the same court.

SEBI has also pressed for an extension of custody of Ramalinga Raju apart from seeking permission to question him.

On Saturday, Jan 17, the sixth additional chief metropolitan magistrate granted their custody to CID Police even after the prosecution sought seven days detention.

The Magistrate also ordered to produce the accused before the court on Jan 22 at 10 am.

The Raju brothers were arrested on January 9 and have been in judicial custody since Saturday last. Srinivas was arrested on January 10 and sent to judicial remand, and all of them were lodged in the Chanchalguda central prison.

OneIndia News (With inputs from Agencies)


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