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Satyam Fraud Case: Raju Granted Bail

CBI moves Supreme Court to cancel the bails of 9 out of 10 accused in Satyam fraud case, Raju is spared.
Hyderabad | 27th September 2010
The CBI, on Monday, moved the Supreme Court seeking cancellation of bail granted to 9 of the 10 accused in Satyam Computer's fraud. The bail of the main accused B Ramalinga Raju has not been challenged.

Advocate Arvind K Sharma submitted a petition before the Court on behalf of CBI, in which he challenged the bail granted to the other 9 accused, who have been given reprieves by different courts.

Sharma said that Raju's name was excluded since he was given bail for reasons different from the others.

Accepting the petition, the court adjourned the case for further hearing on October 19th.

Earlier, the CBI had moved the apex court seeking cancellation of the bail granted to Rama Raju, Srinivas, Ramakrishna, Venkatapathi and Srisailam.

Ramalinga Raju is currently undergoing treatment for liver infection at Nizam Institute of Medical Sciences.

Courtesy: INN
filed in:  Satyam Case, Ramalinga Raju
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