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Ramalinga Raju gets conditional bail

HYDERABAD: B. Ramalinga Raju, main accused in the multi-crore accounting fraud in the erstwhile Satyam Computers Limited, was granted conditional bail by Justice Raja Elango of the Andhra Pradesh High Court here .

The grant of bail comes 20 months after his arrest on January 9, 2009 following a confession letter he wrote to Satyam's Board of Directors two days earlier admitting fudging of accounts.

In the letter, Mr. Raju admitted to having inflated bank balances through non-existent cash.

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