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Court defers hearing on Raju’s bail plea

Court defers hearing on Raju’s bail plea
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First Published: Fri, Jan 16 2009. 04 29 PM IST
Updated: Fri, Jan 16 2009. 04 29 PM IST
By PTI
Hyderabad: A local court today said it would hear the bail application of Satyam’s Ramalinga Raju and two others on 19 January while reserving the order on sending them to police custody for tomorrow.
The 6th additional chief metropolitan magistrate also reserved the order on a petition by SEBI seeking its nod to question Raju, his brother Rama Raju and Satyam’s former CFO Vadlamani Srinivas on 19 January.
The Rajus were arrested on 9 January and while Srinivas was arrested a day later and they have been remanded to judicial custody till 23 January.
While the state CB-CID police has sought custody of the three, regulator SEBI too has sought permission to quiz them regarding the Rs7,800 crore financial fraud disclosed by Ramalinga Raju on 7 January.
A separate probe by the Serious Fraud Investigation Office is also on into the fraud made public by Raju, who said he had been cooking Satyam’s accounts for years.
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First Published: Fri, Jan 16 2009. 04 29 PM IST
More Topics: Satyam | Court | Ramalinga Raju | Custody | Bail |