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Ramalinga Raju may apply for bail today

Posted by on August 1, 2011 0 Comment

Former Satyam Computer Service Ltd chairman B. Ramalinga Raju, who is lodged in Chanchalaguda prison in connection with financial fraud, is likely to move a bail petition in court on Monday. The Supreme Court, while cancelling the bail of Ramalinga Raju and five others on October 26 last year, had said he can petition a lower court for bail if the Special Court for the trial of Satyam cases failed to complete the trial by July 31.

“It’s not an advantage for him. But as per the Supreme Court observations, he has the right to apply for bail. Let us see whether they will file any bail petition on Monday,” said Mr K. Surendra, the special public prosecutor for the trial of Satyam case. The XIV additional chief metropolitan magistrate court (ACMM) has completed examination of all the prosecution witnesses. Cross-examination of prosecution witnesses is pending. The court has so far examined about 226 prosecution witnesses.

“The trial will be completed once the defence evidence examination and arguments are completed,” the special public prosecutor said. Mr Bharat Kumar, counsel for Ramalinga Raju, said he knew nothing. “We don’t know. May be we will come to know of it on Monday,” said the advocate. Deccan Chronicle

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