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Wednesday, August 10, 2011

SATHYAM COMPUTERS SCAM: High Court denies bail to Ramalinga Raju!


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Legal Correspondent, The Hindu / HYDERABAD, August 10, 2011.

Ramalinga Raju
B. Ramalinga Raju.


The former chairman of the erstwhile Satyam Computers, B. Ramalinga Raju, and five others were denied bail by the Andhra Pradesh High Court on Tuesday.

Dismissing their petitions, Justice Samudrala Govinda Rajulu felt that the accused ought to have approached the metropolitan sessions judge before approaching the High Court.

The others who sought bail are the former managing director, B. Rama Raju; the former CFO, Vadlamani Srinivas; the former senior finance manager, Venkatapathi Raju; the former Finance manager, Srisailam; and the former finance in-charge, Ramakrishna.


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