Satyam fraud: Court dismisses plea to defreeze bank accounts

Satyam fraud: Court dismisses plea to defreeze bank accounts

Hyderabad: A city court dismissed the petitions of two accused in the multi-crore Satyam fraud case on 16 April seeking issuance of directions to the CBI to defreeze their saving bank accounts.

Dismissing the petitions of former Price Waterhouse auditors - S Gopalkrishnan and Talluri Srinivas who sought defreezing of their bank accounts, special judge B V L N Chakravarti considered CBI’s contention that further investigations is pending in the case at this stage.

The judge also said that the petitioners did not file any document in the court to disclose the source of the amount available in both the accounts to show that it is no way connected with the offence.

The court observed that at this stage of proceedings in the case, no directions can be issued to the CBI regarding defreezing of the accounts and dismissed the petitions.

The CBI had, earlier, opposed defreezing of saving bank accounts of S Gopalkrishnan and Talluri Srinivas in a private bank in Banjara Hills branch here on the ground that they could possibly contain funds related to the fraud.

The former PW auditors in separate petitions had earlier submitted that the saving bank accounts were held under joint accounts with their wives respectively who were operating it to meet day-to-day expenses and other financial commitments.