Satyam scam: Raju, others may file bail petition today

Supreme Court on October 26 directed the accused that they may file bail application only after July 31 if the trial in the local court is not completed by then

PTI | August 1, 2011



B Ramalinga Raju and six other accused in the multi-crore-rupee Satyam Computer accounting scam may tomorrow file a petition seeking bail in a local court, sources said on Sunday. While cancelling the bail granted to Raju, the prime accused in the case, the Supreme Court on October 26 directed the accused that they may file bail application only after July 31 if the trial in the local court is not completed by then.

"We may move the XXI ACMM court tomorrow (Monday) with a bail petition as the trial has not been completed by July 31. Currently cross examination of witnesses is going on," a source told PTI.

When contacted, Bharat Kumar, legal advisor to Raju refused to comment on the subject. It is, however, not clear whether all the eight accused who are currently lodged in Chanchalguda prison will file the bail petition tomorrow. "For strategic reasons all the accused may not file bail petitions tomorrow," a legal expert said.

While T Srinivas, former auditor of Pricewaterhouse was granted bail by the Supreme Court, B Suryanarayana Raju, brother of Raju was granted bail by the local court in the initial days of the case.

P Rabhakar Gupta's bail petition is still pending in the Andhra Pradesh High Court and may come up for hearing tomorrow. Raju, former chairman of Satyam Computers on November 10 surrendered before the local court which has been trying the nation's biggest corporate fraud allegedly to the tune of Rs 14,000 crore.

The high court on August 18 had granted bail to Raju, his brother Rama Raju, former Satyam CFO V Srinivas and three other former IT company employees G Ramakrishna, Venkatapathi Raju and Srisailam. However, the CBI approached the apex court with a request to cancel the bail.

Comments

 

Other News

Distinguishing Fish 1 and Fish 2: The pragmatism behind India’s WTO ratification

 India became the 123rd WTO member to ratify the multilateral Agreement on Fisheries subsidies (AoFS) when it deposited the Instrument of Acceptance for Phase 1 on July 20, 2026. The ratification is restricted to disciplining Illegal, Unreported and Unregulated fishing (IUU), protection for overfished

The 7% growth problem: Why the next 7% will be harder

India has become accustomed to hearing the 7% growth number. It is now less a milestone than an expectation. Yet the paradox is becoming clearer: maintaining 7% growth may be considerably harder than achieving it once. India’s real GDP grew 7.7% in FY2025–26, following growth of 6.5% in FY202

The Constitution cannot be altered: Justice Abhay Oka

Justice Abhay Oka, who retired from the Supreme Court in May 2025, has said that the Constitution of India cannot be altered. Explaining the landmark Kesavananda Bharati judgment (1973) on the basic structure of the Constitution, he said, “This is one judgment that has saved democracy in India.&rdq

How the flora and fauna evolved in the Indian subcontinent

Mammals of India  By A.J.T. Johnsingh and P.O. Nameer HarperCollins India in association with Bombay Natural History Society  

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris

Nepal Floods: India keeps close watch on the situation

India`s central government has been keeping a close watch on the situation arising out of the flash flood in Nepal on Wednesday. Union home minister Amit Shah spoke with the chief ministers of Bihar and Uttar Pradesh, the two states that share the border with Nepal, regarding the disaster

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter