Satyam scam: B Rama Raju gets bail

Andhra Pradesh High Court grants bail to B Rama Raju...

The Andhra Pradesh High Court granted bail to former Satyam managing director Rama Raju,former chief financial officer Vadlamani Srinivas and three others accused in the multi-crore rupee accounting scam.

Justice Raja Elango of the AP high court granted bails to Rama Raju,brother of Satyam founder Ramalinga Raju,Srinivas and three others former Satyam employees G Ramakrishna,Venkatapathi Raju and Ch Srisailam.

With this,all Satyam accused except B Ramalinga Raju have got bails from various courts on different occasions.

Story continues below this ad

Last month,the AP high court had granted bail to former Pricewaterhouse (PwC) auditor S Gopalakrishnana and former internal auditor Prabhakara Gupta.

In February,the Supreme Court had granted bail to another PwC auditor Srinivas Talluri. A city court,in March last year,granted anticipatory bail to B Suryanarayana Raju,brother of Ramalinga Raju.

In January last year Satyam founder and the then chairman Ramalinga Raju and nine others were arrested after Raju had admitted to fudging the accounting books of the IT company.

Cracks in BJP-AIADMK alliance again as Delhi ‘hand’ seen in bids to rock EPS

Political Pulse12 min ago

The AIADMK-BJP alliance is under pressure as the AIADMK accuses BJP of meddling in EPS's leadership. Calls for leaving NDA are increasing and OPS may form a new party. BJP's efforts to gain control in Tamil Nadu are being resisted by AIADMK leaders. Despite challenges, EPS maintains a strong grip on the party. BJP's attempts to unite AIADMK have failed, potentially bolstering EPS's leadership.

View all shorts

Live Blog