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Thursday, August 4, 2011

SATHYAM COMPUTERS SCAM: Ramalinga Raju's bail plea rejected!

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Special Correspondent, The Hindu / HYDERABAD, August 4, 2011.

B. Ramalinga Raju
B. Ramalinga Raju.

A Special Court on Thursday rejected the bail application of former Satyam Computers chairman B. Ramalinga Raju and six other accused in the multi-crore accounting fraud.
The XXI Additional Chief Metropolitan Magistrate B. V. L. N. Chakravarthi pronounced oral orders to this effect. Mr. Raju made a brief appearance in the Court in the morning before being escorted back to Chanchalguda jail. The Magistrate is expected to give written orders on their bail applications later in the evening.

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