subject: Satyam Case: Ramalinga Raju's bail Has Been canceld By Supreme Court [print this page] Satyam Case: Ramalinga Raju's bail Has Been canceld By Supreme Court
Today the Supreme Court has granted bails revoked Satyam Computer founder B. B Ramalinga Raju Rama Raju, his brother and four others in Andhra Pradesh High Court, accounting R 14000-crore fraud.
Hearing CBI plea in the bench of the Supreme Court, where judges Dalveer Bhandari and Deepak Verma bails today canceled and asked All six people for the waiver of November 10.
It points out that it was the biggest fraud in history, in India, which had contributed much to shareholders, banks and financial institutions, the bank said that the High Court order grating security may not be sustained.The SC also directed a special court in Hyderabad, which performs research and event its proper Satyam July 2011.
Earlier this month, the bench issued a notice of Raju, requiring him to file its reply on CBI plea.In its request for cancellation of bail granted by Raju Andhra Pradesh High Court had said that the CBI chief Satyam's founder and former "diversion" caution by experience one of the witnesses in the case and tried to "influence" him.
CBI had filed the chargsheet have more than 10,000 pages, naming more than 250 witnesses. A lot has been criticized by the judge in the last hearing in October the two brothers 19.Besides Raju had the High Court bail for the four employees of IT company, namely Srinivas, Rama Krishna, Srisailam and Venkatapathi .
The CBI had approached the apex court on September 13 and said that Raju could influence the witnesses, most of whom were his former High Court on August 18 employees.The Raju allowed bail on the grounds that all other defendants, including where his brother, Rama Raju, Satyam CFO V Srinivas former, and three other former employees of IT companies G Ramakrishna, Venkatapathi Raju and Srisailam was granted bail on it.
