Satyam's Raju's bail plea deferred till January 22
A Hyderabad court has deferred Satyam's tainted founder Ramalinga Raju's bail petition till January 22. Sebi's petition to interrogate Raju has also been postponed to the same date. Satyam says three weeks are needed to assess booksindia Updated: Jan 19, 2009 15:22 IST
A Hyderabad court on Monday deferred to January 22 hearing on separate petitions filed by Satyam's tainted founder Ramalinga Raju seeking bail and special status in jail and another filed by market regulator SEBI seeking custody of Raju and two others.
The 6th additional chief metropolitan magistrate will take up hearing of Raju's plea for bail as also special status in jail on Thursday, as he is in police custody till then.
The plea of SEBI for a day's custody would also come up on that day when his custody with the police ends.
The court had sent Raju, his brother Rama Raju and Satyam's former CFO Vadlamani Srinivas to police custody to facilitate a probe into the Rs 7,800 crore financial fraud disclosed by the IT firm's founder on January 7.