Local court defers hearing on Raju’s bail plea to 22 Jan

Local court defers hearing on Raju’s bail plea to 22 Jan
PTI
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First Published: Mon, Jan 19 2009. 12 57 PM IST
Updated: Mon, Jan 19 2009. 12 57 PM IST
Hyderabad: A city court on Monday deferred to 22 January the hearing on separate petitions filed by Satyam’s tainted founder Ramalinga Raju seeking bail and special status in jail and another filed by market regulator Sebi seeking custody of Raju and two others.
The 6th additional chief metropolitan magistrate will take up hearing of Raju’s plea for bail as also special status in jail on Thursday as he is in police custody till then.
The plea of Sebi for a day’s custody would also come up on that day when his custody with the police ends.
The court had sent Raju, his brother Rama Raju and Satyam’s former CFO Vadlamani Srinivas to police custody to facilitate a probe into the Rs7,800 crore financial fraud disclosed by the IT firm’s founder on 7 January.
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First Published: Mon, Jan 19 2009. 12 57 PM IST