Satyam fraud case: SC grants bail to Ramalinga Raju

New Delhi, Nov. 4 (ANI): The Supreme Court today granted bail to former Satyam chairman B. Ramalinga Raju and his brother B Rama Raju in connection with the massive corporate fraud case.

While granting bail, the apex court pointed out that Raju has already spent 32 months in jail.

The charges against Raju, who was arrested in January 2009 for one of India's biggest corporate scams, worth more than 7000 crore, include criminal conspiracy, breach of trust, cheating and forgery.

The apex court has also granted bail to former chief financial officer Srinivas Vadlamani.

Raju was granted bail by the Andhra Pradesh High Court in August last year, but the apex court cancelled that forcing his return to prison in November last year.

Andhra Pradesh Police arrested Raju and his brother Rama Raju on January 9, 2010. Nine other accused, including top company officials and auditors, were also arrested in the case. (ANI)