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This is an archive article published on October 21, 2011

Satyams Raju brothers move SC for bail

The brothers moved the SC,which had on October 12 granted bail to five other accused. Former chief financial officer Vadlamani Srinivas has also filed a bail plea.

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Satyam founder B Ramalinga Raju and his brother B Rama Raju have approached the Supreme Court seeking bail in the multi-crore accounting fraud involving the software firm.

The brothers moved the SC,which had on October 12 granted bail to five other accused. Former chief financial officer Vadlamani Srinivas has also filed a bail plea.

Four former employees of the IT major and a former auditor of PriceWaterhouseCoopers (PWC) were granted bail by the Supreme Court on a personal bond of Rs 2 lakh and surety of like amount.

The former Satyam employees,who were granted bail,are its former internal chief auditor V S Prabhakar Gupta besides executives G Ramakrishna,D Venkatpathi Raju and Ch Srisailam.

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