SC declines bail to PwC auditor in Satyam scam

Last Updated: Monday, April 19, 2010 - 23:00

New Delhi: The Supreme Court today declined
to grant bail to Price Waterhouse auditor Subramani
Gopalkrishnan, who was arrested in Rs 7,136-crore Satyam fraud
for allegedly conniving with its founder Chairman B Ramalinga
Raju and other aides.

However, a bench comprising Chief Justice K G
Balakrishnan and Justice Deepak Verma permitted Gopalkrishnan,
then working as a partner of the global accounting firm,
to renew his bail application over delay by probe agency CBI
in filing the third chargesheet.

Following it, the court permitted Subramani
Gopalkrishnan`s to withdraw his bail petition.

During the proceedings of the court, senior counsel
Siddharth Luthra, representing Gopalkrishnan, said his client
was wrongly prosecuted as he was only a partner of
PriceWaterHouse (PWC) and not an employee of Satyam.

"All the allegations against him are in verbatim only. He
was working as a part of PWC and not an employee of Satyam.
Besides, the trial in this case has not been started," he
said.

Opposing it, Additional Solicitor General H P Rawal said
main accused B Ramalinga Raju is in hospital and so the
charges could not be framed.

The Andhra Pradesh High Court had rejected the bail plea
of Gopalakrishnan and another auditor Talluri Srinivas in
December last year.

However, later Srinivas got bail from the apex court on
February 3 after he was asked to furnish a personal bond of Rs
20 lakh and two sureties of like amount and surrender of his
passport as conditions.

The auditors were arrested on January 24, 2009, on the
charge of conspiring in the fraud and had been in judicial
custody since then in Hyderabad.

On March 15, the apex court had dismissed the bail plea
Ramalinga Raju saying he cannot be released until the main
witnesses in the case are examined. It also said Raju can file
bail application at a later stage when all the main witnesses
are examined.

-PTI



First Published: Monday, April 19, 2010 - 23:00

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