Satyam scam: Bail pleas of Raju, 7 others dismissed

 B Ramalinga Raju

Hyderabad, Aug 21: A local court on Saturday dismissed the bail pleas of prime accused in the Satyam Computer scam B Ramalinga Raju and seven others.

"The court has dismissed the bail petitions of Raju and seven other accused," CBI counsel K Surender said.

It was the third time in this month that the bail pleas of Raju and others have been dismissed or rejected by different courts here.

Besides Raju, his brother and Satyam's former managing director, B Rama Raju, ex-Satyam CFO Vadlamani Srinivas, former PWC auditor Subramani Gopalakrishnan, former employees G Ramakrishna, D Venkatpathi Raju, Ch Srisailam and Satyam's then internal auditor VS Prabhakar Gupta, who are currently under judicial custody, had moved the Metropolitan Sessions Judge (MSJ) court here on August 10 following a direction from the Andhra Pradesh high court.

In their applications, Raju and others cited the Supreme Court suggestion that they could approach the courts for bail if the trial in the scam was not completed before the stipulated time of July 31, 2011.

The AP high court while rejecting the bail pleas of Raju and others earlier asked them to first approach the MSJ court.

The XXI Additional Chief Metropolitan Magistrate's (ACMM's) court, overseeing the Satyam case, had in the first week of August dismissed the bail petitions of Ramalinga Raju and seven other accused.

Raju and others are facing charges like criminal conspiracy, falsification of accounts, breach of trust, cheating and forgery in connection with the scam believed to be worth over Rs 14,000 crore that came to light in January 2009.

OneIndia News

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