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SC cancels Raju’s bail, to surrender by Nov 8

Last Updated: Tuesday, October 26, 2010 - 18:41

Zeebiz Bureau

New Delhi: The Supreme Court Tuesday cancelled the bail plea of B Ramaliga Raju and five others in the Satyam fraud case. The former estranged chief of Satyam Computer Services will now have to surrender to the police by November 8.

Raju, who was arrested and charged in the company’s multi-crore fraud, popularly known at the ‘Satyam Scam,’ was denied bail by the SC after the CBI contended that the former chief could try to influence witnesses. The CBI also alerted that Raju must have already approached some of the witnesses while on bail.
Raju and five others accused in the scam have been given a dateline of November 8 to surrender before the police.

However, there are speculations as to whether Raju would be jailed or be back to hospital where he had been admitted for a minor heart attack.
He was earlier granted bail by the Andhra Pradesh High Court on account of health issue.

Nevertheless, regardless of the current situation the CBI asserted the case would be solved within the next six months. And it was only after a detail hearing of the case from the CBI that the apex court cancelled the bail and set November 8 for Raju and the other five to surrender to the police.


First Published: Tuesday, October 26, 2010 - 18:41

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