SC reserves order on bail plea of 2 in Satyam case | india | Hindustan Times
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SC reserves order on bail plea of 2 in Satyam case

india Updated: Apr 18, 2011 21:02 IST

The Supreme Court on Monday reserved its order over CBI's plea seeking cancellation of bail granted to Subramani Gopalakrishnan, partner of the global auditing firm PriceWaterhouse (PW) and V S Prabhakar Gupta, internal audit head of the scam-hit IT firm Satyam Computers.

After hearing the arguments of CBI and Gopalakrishnan and Gupta, a bench of justices P Sathasivam and B S Chauhan reserved its order.

CBI has challenged the bail granted to Gopalakrishnan and Gupta, both accused in the multi crore Satyam scam, by the Andhra Pradesh High Court in June 2010.

On April 1, admitting the petition of CBI, the apex court had issued notices to Subramani Gopalakrishnan and V S Prabhakar Gupta directing them to file their replies by April 13.

The apex court had on October 26, 2010 cancelled the bail granted to B Ramalinga Raju, the founding chairman of Satyam Computers (now Mahindra Satyam), and five others. CBI had submitted that accordingly, bail granted to Gopalakrishnan and Gupta too should be cancelled on the basis of the apex court's order.