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Satyam scam: Order on bail of Raju reserved

Satyam scam: Order on bail of Raju reserved

Along with Ramalinga Raju seven other accused in the scam appealed for bail.

Hyderabad: A trial court hearing the Satyam scam on Tuesday reserved till August 4 its order on the bail pleas of prime accused B Ramalinga Raju and seven other accused.

After hearing arguments and counter arguments from the CBI and defence over the last two days, the XXI Additional Chief Metropolitan Magistrate (ACMM) court reserved its order.

CBI counsel K Surender who opposed the bail pleas of the Satyam accused said there was no change in circumstances and hence bail was not necessary.

He recalled that the Supreme Court had earlier rejected bail petitions of the accused and since the trial in the case was not yet over, bail was not necessary.

Senior advocate E Umamaheshwar Rao and three other counsels, who appeared for the accused, contended that there were indeed changed circumstances and said their clients were exercising the right for bail.

Seeking Raju's release on bail, Rao also wanted the court to consider good behaviour of his client and the cooperation he extended.

The CBI counsel submitted that the petitioners may influence the witnesses and tamper with evidence if released on bail.

Raju, Satyam's former MD B Rama Raju, ex-Satyam CFO Vadlamani Srinivas, former employees G Ramakrishna, D Venkatpathi Raju and Ch Srisailam and former PWC auditor Subramani Gopalakrishnan had yesterday sought bail on the grounds that the trial in Satyam scam was not completed before the stipulated time of July 31 and all the prosecution witnesses were examined.

Satyam's then internal auditor V S Prabhakar Gupta on Tuesday filed a bail petition on similar grounds.

Earlier, cancelling Raju's bail in October last year, the Supreme Court directed the accused may file bail application only after July 31, 2011 if the trial in the case is not completed in the local court by then.

first published:August 02, 2011, 23:31 IST