Raju brothers, Srinivas bail plea dismissed
January 28th, 2009 - 6:03 pm ICT by ANI
Hyderabad, Jan. 28 (ANI): A city court on Wednesday rejected the bail plea of Satyam’’s tainted founder Ramalinga Raju, former managing director Rama Raju and former CFO Vadlamani Srinivas.
The hearing of separate petition related to the bail application and police custody of SRSR Holding general manager Gopala Krishna Raju is scheduled for Thursday.
Ramalinga Rajus held stakes in Satyam through SRSR Holding, which is promoted by Rajus family.
Ramalinga Raju, Rama Raju and Srinivas will remain in judicial custody till January 31.
Earlier, Raju filed a revision petition in Andhra Pradesh High Court against his police custody.
Police stepped up their investigation into the case, having charged Ramalinga Raju and B. Rama Raju with criminal conspiracy and forgery after Raju admitted profits had been falsified for years and quit.
A case has been filed against Raju under Sections 120-B (criminal conspiracy), 406 (criminal breach of trust), 420 (cheating), 468 (forgery for cheating) and 477-a (fraudulent cancellation of securities) of IPC.
Raju had disclosed a financial fraud in the company to the tune of Rs 7,800 crore by inflating profits and showing fictitious assets where none existed. (ANI)
- Raju''s bail petition hearing today - Jan 19, 2009
- Ramalinga Raju''s bail plea hearing today - Jan 16, 2009
- Hyderabad court defers Raju''s bail plea hearing to Jan 16 - Jan 12, 2009
- Ex-Satyam chief Raju files revision petition in Andhra Pradesh HC - Jan 19, 2009
- Raju''s bail petition hearing on January 19 - Jan 16, 2009
- Ex-Satyam chief Raju''s bail plea hearing postponed till January 22 - Jan 19, 2009
- Andhra Pradesh HC rejects ex-Satyam chief Raju''s revised petition - Jan 19, 2009
- Andhra High Court adjourns hearing on Raju's bail plea - Aug 05, 2010
- Satyam case: Hyderabad court dismisses bail plea of Raju brothers, Srinivas - Feb 18, 2009
- Court reserves verdict on Raju's bail plea - Aug 16, 2010
- Five accused in Satyam scam get bail (Lead) - Jul 20, 2010
- New Satyam Board to meet today - Jan 12, 2009
- Multi-dimensional body to probe Satyam fraud: CBI - Feb 19, 2009
- Five accused in Satyam scam get bail - Jul 20, 2010
- Supreme Court notice to Ramalinga Raju on CBI plea - Oct 01, 2010
Tags: b rama raju, bail plea, breach of trust, cancellation, criminal breach of trust, criminal conspiracy, crore, fictitious assets, financial fraud, forgery, jan 28, judicial custody, krishna, managing director, petition, police custody, profits, satyam, srinivas