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Satyam case: CBI moves SC against Raju bail

Last Updated: Saturday, August 28, 2010 - 23:08

New Delhi: CBI has moved the Supreme Court
against the Andhra Pradesh High Court order that granted bail
to disgraced Satyam founder B Ramalinga Raju in connection
with Rs 14,000 crore fraud case in the IT company.

The appeal filed by the agency is listed for hearing on
Monday before a bench headed by Justice Dalbeer Bhandari.

While granting bail, the High Court on August 18 had
ordered Raju to stay in Hyderabad and provide two sureties for
Rs 20 lakh each.

Raju, who was arrested on January 9 last year and is
currently undergoing treatment for liver infection in the
state-run Nizam Institute of Medical Sciences here, was also
asked to appear before the local court trying the case that
has become India`s largest corporate fraud.

Raju had appeared before the local court on August 24,
but framing of charges was deferred to August 26.


First Published: Saturday, August 28, 2010 - 23:08

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