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Ramalinga Raju moves HC for bail

Posted by on August 9, 2011 0 Comment

Satyam computers disgraced former chairman B Ramalinga Raju and seven other accused in the Satyam scam on Monday filed petitions in the A P High Court seeking bail. They cited the Supreme Court’s earlier suggestion to them that they can approach the courts for bail if the trial in the case is not over by July 31. The CBI special court trying the case rejected their bail applications last week.

All the witnesses of the prosecution were examined and the cross examination of only a few CBI officials is remaining, they said in their petition. CBI at that time sought six months time for the trial to be over and sought the cancellation of bail granted to us by the high court, they said. The apex court while cancelling our bail gave them nine months time and the trial is yet to be completed, they said.

All the documentary evidence was marked and hence the CBI cannot accuse us of trying to tamper with the evidence, they said. The completion of the trial will take a longer time and no purpose will be served at this stage by keeping us inside the prison, they said. They also claimed that the evidence produced in the court by the CBI so far do not suggest any chance for conviction. We are willing to extend all our cooperation to the prosecution, they said.

Apart from Ramalinga Raju, those who moved the bail plea were B Rama Raju, brother of Ramalinga Raju and the managing director of the company, chief financial officer Vadlamani Srinivas, vice-president G Ramakrishna, PWC auditor S Gopalakrishnan, finance managers D Venkatapathi Raju and Ch Srisailam. V S Prabhakar Gupta, the internal auditor of the company, filed separate bail petition and the court posted his plea to Friday for hearing. TOI

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