Decision on Rajus' bail plea tomorrow
A Hyderabad court today reserved till Wednesday its decision on the bail plea of Satyam Computer's disgraced founder B Ramalinga Raju, his brother B Rama Raju and the company's former chief financial officer Vadlamani Srinivas, reports Ashok Das. See Specialbusiness Updated: Jan 27, 2009 20:13 IST
A local court on Tuesday reserved till Wednesday its decision on the bail plea of Satyam Computer's tainted ex-Chairman B Ramalinga Raju, and the company's former CFO Vadlamani Srinivas.
On the same day the court will rule on the bail petition of his brother and ex-MD B Rama Raju and the petition of CB-CID seeking the custody of Gopalakrishna Raju, former general manager of SRSR Advisory Services.
The public prosecutor opposed bail to Raju and Srinivas, saying there was fear of their tampering the evidence once enlarged on bail.
"If this can be done while (they are) in custody, there is no guarantee that evidence will not be tampered with when they are on bail," the prosecutors told the court.
Rajus` lawyers contested the prosecution's charge that evidence was being tampered with, saying that all documents have been seized by the investigating agencies and there was nothing to be tampered with.
They submitted that all three accused were cooperating with investigating agencies and would continue to do so even while on bail.