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Ramalinga Raju gets bail from AP High Court

Hyderabad: The Andhra Pradesh High Court on Tuesday granted bail to former Satyam managing director Rama Raju, former chief financial officer Vadlamani Srinivas and three other accused in the multi-crore rupee accounting scam.

Justice Raja Elango of the AP High Court granted bails to Rama Raju, brother of Satyam founder Ramalinga Raju, Srinivas and three other former employees of Satyam G Ramakrishna, Venkatapathi Raju and Ch Srisailam.

With this, all Satyam accused except B Ramalinga Raju have got bails from various courts on different occasions. Last month, the AP high court had granted bail to former Pricewaterhouse (PwC) auditor S Gopalakrishnana and former internal auditor Prabhakara Gupta.

In February, the Supreme Court had granted bail to another PwC auditor Srinivas Talluri. A city court, in March last year, granted anticipatory bail to B Suryanarayana Raju, brother of Ramalinga Raju.

In January last year Satyam founder and the then chairman Ramalinga Raju and nine others were arrested after Raju had admitted to fudging the accounting books of the IT company.

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