Ramalinga Raju gets bail
By IANSWednesday, August 18, 2010
HYDERABAD - Andhra Pradesh High Court Wednesday granted bail to B. Ramalinga Raju, the prime accused in the multi-crore Satyam fraud case.
Justice Raja Elango, who had reserved the orders after hearing the arguments from Raju’s counsel and the Central Bureau of Investigation (CBI) Monday, pronounced the orders Wednesday.
Raju’s lawyer Bharat Kumar said the court had granted conditional bail, asking Raju to make himself available to CBI for any investigations.
The 56-year-old Raju has been in jail since January last year when he shocked the corporate India by admitting Rs.7,800 crore accounting fraud in Satyam Computer Services Limited, which he had founded.
Raju has been undergoing treatment for Hepatitis C in government-run hospital here for last nine months.
With Raju getting the bail, all 10 accused in the case are out of jail.
