AP High Court granted bail to former Satyam managing director Rama Raju

The Andhra Pradesh High Court on Tuesday granted bail to former Satyam managing director Rama Raju, former chief financial officer Vadlamani Srinivas and three others 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 others former Satyam employees 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.

Related posts:

1. Andhra high court grants bail to auditors in Satyam case
2. Satyam auditor Gopalkrishnan moved Supreme Court seeking bail
3. SC granted bail to PWC auditor Srinivas Talluri allegedly involved in Satyam fraud
4. Supreme Court declined to grant bail to PWC auditor Gopalkrishnan
5. High Court stayed collection of taxes from 69 companies allegedly having connections with Ramalinga Raju of Satyam Computers