South India | Updated Oct 22, 2011 at 11:02am IST

Ramalinga Raju moves SC for bail

newindianexpressExpress News Service

NEW DELHI : Satyam founder B Ramalinga Raju and his brother B Rama Raju have approached the Supreme Court seeking bail in multicrore accounting fraud involving the software firm.
The brothers moved the apex court which had on October 12 granted bail to five other accused in the case.Former chief financial officer Vadlamani Srinivas has also filed a bail plea in the court.Four former employees of the IT major and a former auditor of PriceWaterhouseCoopers (PWC) were granted bail by the Supreme Court on a personal bond of `2 lakh and surety of like amount.
The former Satyam employees, who were granted bail, are its former internal chief auditor V S Prabhakar Gupta besides executives G Ramakrishna, D Venkatpathi Raju and Ch Srisailam.The fifth accused, who got the bail, is PWC’s former auditor Subramani Gopalakrishnan.

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