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.<\/p>\n
Justice Raja Elango adjourned the hearing to August 12 as the Central Bureau of Investigation (CBI) sought time to file counter-reply to the bail plea of the former Satyam Computer Services chairman.<\/p>\n
Ramalinga Raju, who is undergoing treatment for Hepatitis C at the government-run Nizam\u2019s Institute of Medical Sciences (NIMS) here, filed the bail petition last week as the court has granted bail to rest of the accused in the case.<\/p>\n
The court on July 20 granted bail to five accused, including Ramalinga Raju\u2019s brother and former managing director of Satyam, B. Rama Raju, and former chief financial officer Vadlamani Srinivas.<\/p>\n
The courts had earlier granted bail to three accused while Ramalinga Raju\u2019s another brother B. Surayanarayana Raju had obtained anticipatory bail last year.<\/p>\n
Ramalinga Raju shocked corporate India in January 2009 by admitting to Rs.7,800 crore accounting fraud in the IT major.<\/p>\n
The CBI, however, told the court in November last year that the scam is of over Rs.14,000 crore.<\/p>\n
All the accused are facing charges of criminal conspiracy, criminal breach of trust, cheating, forgery and falsification of accounts.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 bail plea of the former […]<\/p>\n","protected":false},"author":1,"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":[478,800,799],"class_list":["post-6392","post","type-post","status-publish","format-standard","hentry","category-top-law-news","tag-bail-plea","tag-ramalinga-raju","tag-satyam-fraud-case"],"yoast_head":"\n