Satyam case: Andhra Pradesh High Court grants bail to Raju

M.today

Hyderabad, Aug 18 : The Andhra Pradesh High Court on Wednesday granted bail to former Satyam Computers Chairman B Ramalinga Raju in connection with the multi-crore financial scam case.

Raju has now been admitted to Hyderabad’s Nizam Institute of Medical Sciences (NIMS) citing health grounds.

 

Raju has been directed to stay in Hyderabad and present himself before the court post his discharge

Earlier on July 23, a local court had adjourned the case of examination of Raju through a questionnaire and nine other accused in connection with the scam to July 26.

The Andhra Pradesh High Court had on January 20 granted bail to five accused including Raju’s bother B Rama Raju and former CFO of Satyam Computers Vadlamani Srinivas in the case.

Raju, resigned as Satyam Computer Services Ltd. Chairman after being charged for his role in a Rs 7,100 crore financial scam. (ANI)