No bail for Satyam’s Rajus, former CFOFebruary 18th, 2009 - 5:06 pm ICT by IANS
Hyderabad, Feb 18 (IANS) A city court Wednesday dismissed fresh bail petitions of Satyam Computer’s disgraced founder B. Ramalinga Raju, his brother B. Rama Raju and former chief financial officer Vadlamani Srinivas.
The court also allowed the Income Tax department to interrogate Ramalinga Raju for one day on Feb 21 in the Rs.70-billion (Rs.7,000-crore) accounting fraud case.
The three are in judicial custody since early January. Ramalinga Raju was arrested Jan 9, two days after he confessed to the country’s biggest corporate scam of Rs.70 billion. His brother was also arrested the same day.
Srinivas was picked up a day later.