BackLegal | Raju’s brother gets anticipatory bail
Legal | Raju’s brother gets anticipatory bail
Hyderabad: A city metropolitan magistrate court on Thursday granted anticipatory bail to B. Suryanarayana Raju, younger brother of B. Ramalinga Raju. The senior Raju, founder of Satyam Computer Services Ltd, confessed to India’s largest accounting fraud of ₹ 7,163 crore on January 7. He has been in jail since 19 December.Suryanarayana Raju is the chairman of SRSR Advisory Services Pvt. Ltd, a Rajus family firm engaged in offering financial and advisory services to a group of family-owned firms.
Andhra Pradesh crime investigation department (CID) sleuths had not taken into custody the junior Raju, who was suspected to have played a key role in the land purchases of the Raju firms, and were scouting for him since 9 January.
The five key accused arrested so far and sent to judicial custody include Ramalinga Raju, his brother and then managing director of the software firm B. Rama Raju, then chief financial officer Srinivas Vadlamani, and two auditors of Price Waterhouse S. Gopalakrishnan and Srinivas Talluri.
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