The Hindu : Front Page : Rajus’ bail applications dismissed

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Thursday, Feb 19, 2009
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Rajus’ bail applications dismissed

N. Rahul

HYDERABAD: A court here on Wednesday again dismissed the bail applications of the former Satyam Computer Services chairman, B. Ramalinga Raju, his brother Rama Raju and the former Chief Financial Officer, Srinivas Vadlamani.

This is the second time Sixth Additional Chief Metropolitan Magistrate D. Ramakrishna has rejected their bail plea.

Mr. Ramakrishna permitted the Income-Tax Department to interrogate Mr. Ramalinga Raju in the Chanchalguda jail on February 21.

He also passed orders for interrogation of Mr. Srinivas Vadlamani and Price Waterhouse auditors S. Gopalakrishnan and Talluri Srinivas by the Securities and Exchange Board of India (SEBI) in the jail on Thursday and Friday. The SEBI earlier questioned the Raju brothers for three days in the jail.

Fresh bail plea

Mr. Ramakrishna allowed a fresh bail application on behalf of Mr. Gopalakrishnan and Mr. Talluri Srinivas, and posted it for hearing to Friday.

The Central Bureau of Investigation was working out the nitty gritty of taking over the case, its Deputy Inspector-General V.V. Laxminaryana said, adding that a special investigation team would be constituted for the purpose in a day or two.

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