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Hyderabad Court Dismisses Bail Pleas of Rajus, Srinivas

  •   Wed, Jan 28 2009 05:15:06 PM

PTI

HYDERABAD, Jan 28: A city court on Wednesday dismissed the bail applications of Satyam's disgraced founder Ramalinga Raju, former managing director Rama Raju and former CFO Vadlamani Srinivas.

The 6th additional chief metropolitan magistrate also posted for Thursday, hearing on separate petitions relating to the bail and police custody of SRSR Holding general manager Gopala Krishna Raju.

SRSR Holding is promoted by Ramalinga Raju's family and Raju held stake in Satyam through this company.

Ramalinga Raju, Rama Raju and Srinivas are in judicial custody till January 31.

The court, on Tuesday, had reserved its verdict on the bail pleas of three held for fraud, putting it off for Wednesday.

Gopala Krishna, SRSR Holding general manager, was arrested on January 22. CID had moved the court of additional chief metropolitan magistrate to secure his custody.

The bail petition of PricewaterhouseCooper executives S Gopalakrishnan and T Srinivas is up for hearing on January 29.

  

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