Satyam scam: Raju,6 others file bail pleas in AP High Court

B Ramalinga Raju and six others today moved the Andhra Pradesh High Court seeking bail.

Prime accused in the Satyam Computer scam B Ramalinga Raju and six others today moved the Andhra Pradesh High Court seeking bail after a local court dismissed their pleas last week.

The applications were filed on grounds,among others,that the trial in the scam was not completed before the stipulated time of July 31 and the accused were exercising their right seeking enlargement on bail,Raju’s counsel said.

The matter is likely to be taken up tomorrow,he said.

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Raju,the former company chairman,and his brother Satyam’s former MD B Rama Raju,ex-Satyam CFO Vadlamani Srinivas,former employees G Ramakrishna,D Venkatpathi Raju and Ch Srisailam and Satyam’s then internal auditor V S Prabhakar Gupta,who are currently under judicial custody,filed the bail petitions.

It was not clear if another accused and former PWC auditor Subramani Gopalakrishnan,whose bail petition was also dismissed last week,had moved the high court for bail.

Cancelling Raju’s bail in October 2010,the Supreme Court had directed that the accused may file bail application only after July 31 if the trial is not completed by then.

The Additional Chief Metropolitan Magistrate court here had last week dismissed the bail petition of Ramalinga Raju and seven others. Two other accused — former PWC auditor Talluri Srinivas and Raju’s brother Suryanarayana Raju have got anticipatory bail.

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At present,cross examination of investigating officers (CBI) is going on at the trial court hearing the scam.

Raju and others are facing charges like criminal conspiracy,falsification of accounts,breach of trust,cheating,and forgery in connection with the over Rs 14,000 crore scam,which surfaced in January 2009.