Hyderabad, Aug 4 (ANI): A metropolitan court in Hyderabad on Thursday rejected the plea of former Satyam chairman B. Ramalinga Raju, and seven others into the multi-crore financial scam case.
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 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.
Raju, the founder of Satyam was arrested in January 2009 for one of India's biggest corporate scams, worth more than 7000 crore.
The apex court had earlier on October 1 issued notice to Raju on a petition by the CBI seeking cancellation of the bail granted by the Andhra Pradesh High Court in August.
The CBI believes that Raju may try to tamper with evidence against him and influence witnesses.
He has been charged under various sections of the Indian Penal Code including Section 120B for criminal conspiracy, under Section 409 for breach of trust, under Section 420 for cheating, and under Section 468 and Section 471 for forgery.
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)
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