SC asks Raju to respond to CBI bail cancellation plea

SC asks Raju to respond to CBI bail cancellation plea

New Delhi: The Supreme Court today issued notice to B Ramalinga Raju on a plea by CBI against the bail granted to him by the Andhra Pradesh High Court in the Rs14,000-crore Satyam accounting fraud.

A bench comprising Justices Dalveer Bhandari and Deepak Verma issued a notice to Raju, directing him to file his reply by 19 October, the next date of hearing.

The bench further said that it would hear the CBI plea on Raju and the other appeals challenging the bail granted to his brother Rama Raju, and employees of the IT firm Srinivas, Ramakrishna, Venkatapathi and Srisailam in connection with the fraud.

Solicitor General Gopal Subramanium, appearing for the CBI informed the bench that Raju was not well and undergoing treatment.

The bench listed the matter on 19 October 19.

Earlier, on 13 September, CBI had approached the apex court against the High Court decision to grant bail to Raju, contending that he may influence the witnesses majority of whom were his former employees.

The High Court on 18 August had allowed Raju’s bail on the ground that all other accused in the case, including his brother Rama Raju, former Satyam CFO V Srinivas and three other former IT company employees G Ramakrishna, Venkatapathi Raju and Ch Srisailam were granted bail by it.

T Srinivas, Satyam’s auditor was granted bail by the Supreme Court.

However, the CBI contended that there cannot be any parity between Raju and others as far as the seriousness of the case is concerned.

“... parity cannot be claimed by the respondent (Raju) that he is on a par with T Srinivas who was granted bail by the Supreme Court on February 4, 2010. Parity could be claimed only if the roles of two persons (Raju and Srinivas) are similar or identical," the CBI said in its petition while appealing against the bail granted to Raju.

The probe agency submitted that the roles of Srinivas and Raju was quite different in the scam and the latter could not be granted bail on that criteria.

Raju, who was arrested on 9 January last year and is currently undergoing treatment for liver infection in the state-run Nizam Institute of Medical Sciences, was ordered by the court to appear before the trial court after being discharged.