...
...
Next Story

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 Special

Updated on: Jan 27, 2009, 20:13:11 IST
Hindustan Times | By , Hyderabad
Prefer HTon Google
Advertisement

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.

HT Image
HT Image

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.

 
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
SHARE THIS ARTICLE ON
Notifications

Get breaking alerts directly from the newsroom

Notifications are on!You'll be notified when news breaks