Ramalinga Raju and brother move SC for bail
Satyam founder B Ramalinga Raju and his brother B Rama Raju have approached the Supreme Court seeking bail in multi-crore accounting fraud involving the software firm.delhi Updated: Oct 20, 2011 21:35 IST
Satyam founder B Ramalinga Raju and his brother B Rama Raju have approached the Supreme Court seeking bail in multi-crore accounting fraud involving the software firm.
The brothers moved the apex court which had on October 12 granted bail to five other accused in the case.
Former Chief Financial Officer Vadlamani Srinivas has also filed a bail plea in the court.
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. The fifth accused, who got the bail, is PWC's former auditor Subramani Gopalakrishnan.
The five had approached the apex court challenging the August 30 order of Andhra Pradesh High Court which had rejected their bail pleas.