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RAMESH KUMAR VERMA (pursuing company secretary course)     21 July 2010

Ap-High-Court-Granted-Bail-To-Former-Satyam-Managing-Directo

 

Ap-High-Court-Granted-Bail-To-Former-Satyam-Managing-Director-Rama-Raju

 

 

The Andhra Pradesh High Court on Tuesday granted bail to former Satyam managing director Rama Raju, former chief financial officer Vadlamani Srinivas and three others accused in the multi-crore rupee accounting scam. Justice Raja Elango of the AP high court granted bails to Rama Raju, brother of Satyam founder Ramalinga Raju, Srinivas and three others former Satyam employees G Ramakrishna, Venkatapathi Raju and Ch Srisailam.

With this, all Satyam accused except B Ramalinga Raju have got bails from various courts on different occasions.

Last month, the AP high court had granted bail to former Pricewaterhouse (PwC) auditor S Gopalakrishnana and former internal auditor Prabhakara Gupta.

In February, the Supreme Court had granted bail to another PwC auditor Srinivas Talluri. A city court, in March

last year, granted anticipatory bail to B Suryanarayana Raju, brother of Ramalinga Raju.

In January last year Satyam founder and the then chairman Ramalinga Raju and nine others were arrested after Raju had admitted to fudging the accounting books of the IT company.





Read more: 
https://www.india.gov.in/outerwin.php?id=https://www.ddinews.gov.in/Business/Business+-+Other+Stories/AP+high+court+grants+bail+Former+Satyam+MD.htm

 



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 3 Replies

Bhartiya No. 1 (Nationalist)     21 July 2010

In India financial embezzlement is not considered a big crime and also it does not attract the attention of the general people. This is the reason, such people gets bail easily, after passing some months.

This encourages scamsters and other finance related crimes.

RAMESH KUMAR VERMA (pursuing company secretary course)     22 July 2010

sir,

your view in this matter is right

Bhartiya No. 1 (Nationalist)     22 July 2010

We r in need of tougher laws for these type of crimes, as is in USA or other country, then only it be proved deterrent, and corruption too can be checked to some extent. But our law makers are silent on this, since they too are part of these games.


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