Hyderabad: The 6th Additional Chief Metropolitan Magistrate Thursday posted for tomorrow the hearing on the bail petitions of former Satyam Chairman B Ramalinga Raju and his brother and ex-managing director Rama Raju as defence lawyers could not reach the court in time.
However, Nalini Kumar, the high court lawyer for Satyam’s former CFO Vadlamani Srinivas, concluded his argument stating that his client will always co-operate with investigating agencies if he is released on bail. Srinivas is in judicial remand, along with the Raju brothers, since last month.
He informed the court that his client is not even an employee of the firm now.
Kumar contended that the state CID, investigating the Rs7,800 crore fraud in Satyam Computer, had earlier objected to the bail petition on 28 January on the grounds that it has to seize and scrutinise more documents seized from the office and residence of the Rajus. But 15 days have elapsed, but the prosecution has failed to produce any document in court.
He concluded his argument by informing the court that his client would always be available to investigating agencies, including SEBI and the SFIO.