Auditor involved in Satyam scam denied bail
April 19th, 2010 - 9:11 pm ICT by IANS
New Delhi, April 19 (IANS) The Supreme Court Monday denied bail to Price Waterhouse auditor Subramani Gopalkrishnan allegedly involved in a Rs.7,136-crore financial fraud along with Satyam Computer’s founder chairman B. Ramalinga Raju.
A bench of Chief Justice K.G. Balakrishnan and Justice Deepak Verma, however, allowed Gopalkrishnan to move the court afresh for bail on the grounds of delay by the Central Bureau of Investigation (CBI) in completing its probe and filing a chargesheet in the case.
Following the court’s permission to file a fresh application, Gopalkrishnan’s counsel Siddharth Luthra withdrew the bail plea.
Senior counsel Luthra had earlier argued that his client was only a partner in the global accounting firm and was implicated by the CBI.
He contended that the CBI has no evidence of his involvement in the accounting fraud.
The apex court March 15 had denied bail to Satyam founder Raju, saying that he is the main accused in the case.
The court refused to grant him bail apprehending that once out, he might interfere with investigation and influence witnesses.
The apex court Feb 3 granted bail to another Price Waterhouse auditor Talluri Srinivas, who had been denied bail by the Andhra Pradesh High Court last December.
- Satyam's Ramalinga Raju, two others get bail - Nov 04, 2011
- Apex court grants bail to Satyam scam auditor - Feb 04, 2010
- Raju, others denied bail in Satyam scam - Aug 04, 2011
- Satyam case: Supreme Court grants bail to five - Oct 13, 2011
- Court approves action against two auditors for Satyam lapses - May 31, 2011
- Satyam case: no bail for Raju, seven others - Aug 30, 2011
- Satyam Ramalinga Raju released on bail - Nov 05, 2011
- Satyam case: Apex court notice to CBI on Raju's bail plea (Second Lead) - Oct 21, 2011
- Satyam case: Apex court notice to CBI - Oct 21, 2011
- Five accused in Satyam scam get bail (Lead) - Jul 20, 2010
- Apex court cancels bail of Satyam's Raju, five others (Lead) - Oct 26, 2010
- 'Satyam's Raju did not fudge accounts, only did window dressing' - Oct 20, 2010
- 'Satyam's Raju did not fudge accounts, only did window dressing' (Lead) - Oct 21, 2010
- Satyam officials issued notices as CBI drags case - Sep 19, 2011
- Apex court says no to Raju's plea on surrender (Lead) - Nov 09, 2010
Tags: accounting firm, accounting fraud, andhra pradesh high court, apex court, bail plea, cbi, central bureau of investigation, deepak, financial fraud, founder chairman, k g balakrishnan, luthra, price waterhouse, ramalinga raju, satyam computer, senior counsel, siddharth, srinivas, subramani, talluri