‘Satyam’s Raju did not fudge accounts, only did window dressing’ (Lead)
October 21st, 2010 - 12:06 am ICT by IANS
New Delhi, Oct 20 (IANS) The Supreme Court Wednesday was told that the alleged fudging of accounts by the former chairman of Satyam Computer Services Limited B. Ramalinga Raju was only “window dressing”.
The apex court bench of Justice Dalveer Bhandari and Justice Deepak Verma was told this by senior counsel Mukul Rohtagi while opposing the Central Bureau of Investigation (CBI) appeal seeking the cancellation of bail granted to the former Satyam chief, his brother Rama Raju and other accused by the Andhra Pradesh High Court.
The senior counsel told the court that no case for the cancellation of bail could be made out against Ramalinga Raju, Rama Raju and others as there was no instance of abuse of bail conditionality by his clients.
Rohtagi told the court that “law leans in favour of liberty. Bail is never denied as punishment”.
Earlier appearing for Raju brothers and others, senior counsel Ashok Desai said that there were 693 witnesses and 1.60 lakh pages evidence in the matter.
He told the court that by no reasonable estimation the trial in the case would be competed within six months as being claimed by the CBI.
Referring to the way trials proceed in subordinate courts, Desai said that it would take years before the trial in the case was likely to be completed.
However, when Desai said that Satyam has once again regained its standing and was flourishing, Justice Verma said: “This is not because of you. But a formidable entity has taken over its operations”.
Earlier, the court pulled up the CBI for not filing an affidavit stating specific instances of violation of bail conditions by the Ramalinga Raju, Rama Raju and others.
The court told Additional Solicitor General Harin Rawal that the investigating agency was accusing the respondents (Raju brothers and others) of violating bail conditions by tampering with the evidence and influencing the witnesses but where was the affidavit stating all the instances in support of its allegation.
Subsequently, Rawal filed the affidavit when the court reassembled after lunch break.
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- Apex court cancels bail of Satyam's Raju, five others (Lead) - Oct 26, 2010
- Satyam officials issued notices as CBI drags case - Sep 19, 2011
- CBI issued notice on four Satyam officials' bail plea - Sep 16, 2011
- Satyam scam: Apex court frowns on CBI's long witness list - Oct 19, 2010
- Apex court says no to Raju's plea on surrender (Lead) - Nov 09, 2010
- Satyam case: Apex court notice to CBI on Raju's bail plea (Second Lead) - Oct 21, 2011
- Notice to Satyam ex-chief on CBI's plea to scrap bail (Lead) - Oct 01, 2010
- Court reserves verdict on Raju's bail plea - Aug 16, 2010
- Apex court issues notice to Rama Raju on bail - Aug 30, 2010
- CBI plea against Ramalinga Raju's bail to be heard Monday - Aug 29, 2010
- Raju, others denied bail in Satyam scam - Aug 04, 2011
- Former Satyam chief Raju gets bail (Lead) - Aug 18, 2010
- Satyam case: no bail for Raju, seven others - Aug 30, 2011
Tags: andhra pradesh high court, apex court, b ramalinga raju, bhandari, brothers and others, central bureau of investigation, computer services limited, court bench, deepak verma, desai, harin, investigating agency, rama raju, rawal, satyam computer services, satyam computer services limited, senior counsel, solicitor general, subordinate courts, window dressing