{"id":14389,"date":"2011-11-05T20:49:26","date_gmt":"2011-11-05T15:19:26","guid":{"rendered":"https:\/\/www.legalindia.in\/news\/?p=14389"},"modified":"2011-11-05T20:49:30","modified_gmt":"2011-11-05T15:19:30","slug":"satyam-ramalinga-raju-released-on-bail","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/satyam-ramalinga-raju-released-on-bail","title":{"rendered":"Satyam Ramalinga Raju released on bail"},"content":{"rendered":"<p><a href=\"https:\/\/www.legalindia.in\/news\/satyam-ramalinga-raju-released-on-bail\/satyam-2\" rel=\"attachment wp-att-14390\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"14390\" data-permalink=\"https:\/\/www.legalindia.com\/news\/satyam-ramalinga-raju-released-on-bail\/satyam-2\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/11\/satyam1.jpg?fit=198%2C144&amp;ssl=1\" data-orig-size=\"198,144\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"satyam\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/11\/satyam1.jpg?fit=198%2C144&amp;ssl=1\" class=\"alignright size-medium wp-image-14390\" src=\"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2011\/11\/satyam1-150x109.jpg?resize=150%2C109&#038;ssl=1\" alt=\"\" width=\"150\" height=\"109\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/11\/satyam1.jpg?resize=150%2C109&amp;ssl=1 150w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/11\/satyam1.jpg?w=198&amp;ssl=1 198w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a>After spending nearly 32 months in jail, erstwhile Satyam Computers Services Ltd founder chairman B. Ramalinga Raju, his brother B. Rama Raju and former chief financial officer V. Srinivas were Saturday released, a day after they were granted bail by the Supreme Court in the multi-crore accounting fraud.<\/p>\n<p>The trio came out of Chanchalguda Central Jail Saturday evening. Their family members and close relatives received them outside the jail.<\/p>\n<p>Earlier, the trial court directed the jail authorities to release the accused. The direction came after the lawyers of the accused completed the bail formalities.<\/p>\n<p>Two sureties of Rs.200,000 each were submitted to the court on behalf of each of the accused.<\/p>\n<p>The Supreme Court had Friday granted conditional bail to the accused. They were asked to surrender their passports and not to tamper with the evidence.<\/p>\n<p>The accused had been in Hyderabad&#8217;s Chanchalguda central jail since January 2009, except for a brief period when they were granted bail.<\/p>\n<p>The apex court had Oct 12 granted bail to five other accused in the Rs.14,000 crore Satyam case.<\/p>\n<p>The Andhra Pradesh high court on Aug 30 had rejected the bail petitions of Raju brothers and Srinivas along with the five other accused.<\/p>\n<p>The Supreme Court had on Oct 26 last year cancelled the bail granted to Raju and others by Andhra Pradesh high court in August. However, it granted liberty to the accused to move for fresh bail after July 31 this year if the trial was not completed.<\/p>\n<p>The 56-year-old Ramalinga Raju shocked the corporate India in January 2009 by admitting to fraud in the IT major. While resigning as chairman of the firm, he confessed on Jan 7 that the company cooked its books resulting in an &#8220;inflated (non-existent) cash and bank balances&#8221; over several years.<\/p>\n<p>The Central Bureau of Investigation (CBI) had booked 10 people including Ramalinga Raju. Another of his brothers, B. Suryanarayana Raju, who is neither a director nor an employee of the IT firm, had secured anticipatory bail.<\/p>\n<p>PWC auditor Talluri Srinivas was released on bail by the Supreme Court last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After spending nearly 32 months in jail, erstwhile Satyam Computers Services Ltd founder chairman B. Ramalinga Raju, his brother B. Rama Raju and former chief financial officer V. Srinivas were Saturday released, a day after they were granted bail by the Supreme Court in the multi-crore accounting fraud. The trio came out of Chanchalguda Central [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[5763,5762,47726],"class_list":["post-14389","post","type-post","status-publish","format-standard","hentry","category-top-law-news","tag-former-chief-financial-officer-v-srinivas","tag-satyam-ramalinga-raju","tag-supreme-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Satyam Ramalinga Raju released on bail<\/title>\n<meta name=\"description\" content=\"After spending nearly 32 months in jail, erstwhile Satyam Computers Services Ltd founder chairman B. 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With this, all the accused in the case except the prime accused and disgraced former chairman of Satyam, B. Ramalinga Raju, are out on bail. The court Tuesday granted bail to five accused\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14347,"url":"https:\/\/www.legalindia.com\/news\/satyams-ramalinga-raju-two-others-get-bail","url_meta":{"origin":14389,"position":1},"title":"Satyam&#8217;s Ramalinga Raju, two others get bail","author":"Legal India Admin","date":"November 4, 2011","format":false,"excerpt":"Jailed erstwhile Satyam Computers Services Ltd founder chairman B. Ramalinga Raju, his brother B. Rama Raju and former chief financial officer V. Srinivas were Friday granted bail by the Supreme Court. An\u00a0supreme court bench of Justice Dalveer Bhandari and Justice Dipak Misra said from the facts of the case and\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2011\/11\/satyam-114x150.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":7242,"url":"https:\/\/www.legalindia.com\/news\/satyam-case-to-be-heard-on-daily-basis-from-nov-8","url_meta":{"origin":14389,"position":2},"title":"Satyam case to be heard on daily basis from Nov 8","author":"Legal India Admin","date":"November 2, 2010","format":false,"excerpt":"The special court here conducting trial in the Satyam scam Tuesday decided to hear the case daily from Nov 8 in view of the Supreme Court's directive to complete the procedings by July next year. The trial in the Rs.14,000 crore accounting fraud began Tuesday but the Central Bureau of\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6392,"url":"https:\/\/www.legalindia.com\/news\/andhra-high-court-adjourns-hearing-on-rajus-bail-plea","url_meta":{"origin":14389,"position":3},"title":"Andhra High Court adjourns hearing on Raju&#8217;s bail plea","author":"Legal India Admin","date":"August 5, 2010","format":false,"excerpt":"The Andhra Pradesh High Court on Thursday adjourned the hearing on the bail petition of B. Ramalinga Raju, the prime accused in the multi-crore Satyam fraud case. Justice Raja Elango adjourned the hearing to August 12 as the Central Bureau of Investigation (CBI) sought time to file counter-reply to the\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7164,"url":"https:\/\/www.legalindia.com\/news\/satyam-scam-court-dismisses-discharge-plea-of-nine-accused","url_meta":{"origin":14389,"position":4},"title":"Satyam scam: Court dismisses discharge plea of nine accused","author":"Legal India Admin","date":"October 25, 2010","format":false,"excerpt":"A local court on Monday dismissed discharge petitions of nine accused in the multi-crore rupee accounting scam in Satyam Computer Services. The discharge petitions filed by all the accused, barring prime accused former company chairman B. Ramalinga Raju, were dismissed by an additional chief metropolitan magistrate (ACCM) court after hearing\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13993,"url":"https:\/\/www.legalindia.com\/news\/satyam-case-supreme-court-notice-to-cbi","url_meta":{"origin":14389,"position":5},"title":"Satyam case: Supreme court notice to CBI","author":"Legal India Admin","date":"October 21, 2011","format":false,"excerpt":"The Supreme Court Friday issued notice to the Central Bureau of Investigation (CBI) on a bail plea by the accused in one of India's biggest corporate frauds - erstwhile Satyam Computers Services Ltd founder chairman B. Ramalinga Raju, his brother Rama Raju and former employee V. Srinivas. Justice Dalveer Bhandari\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-3K5","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/14389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/comments?post=14389"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/14389\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=14389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=14389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=14389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}