Satyam scam: Ramalinga Raju's bail plea rejected

Hyderabad, Aug 4: A Special Central Bureau of Investigation (CBI) rejected the bail plea of Ramalinga Raju and other accused in the Satyam Scam.

The bail plea of the accused were reserved by the XXXI Chief Metropolitan Magistrate on Aug 3.

The bail pleas were opposed by K Surendar, CBI Counsel on the grounds that there were no changes in the conditions and therefore it was not necessary.

He further said that the Supreme Court had earlier rejected their bail pleas on the grounds that the case was not over yet.

Raju, along with his brother and six other accused were arrested for their alleged involvement in the 14,000 crore scam.

The accused are facing criminal charges of conspiracy, cheating, criminal breach of trust, falsification of account and forgery in link to the account fraud in the IT firm.

OneIndia News