Supreme Court notice to Ramalinga Raju on CBI plea
By ANIFriday, October 1, 2010
NEW DELHI - The Supreme Court on Friday issued notice to former Satyam chairman B. Ramalinga Raju on a petition by the Central Bureau of Investigation (CBI) seeking cancellation of his bail granted by the Andhra Pradesh High Court.
Raju was granted bail by the Andhra High Court in August.
The CBI believes that Raju may try to tamper with evidence against him and influence witnesses
He has been charged under various sections of the Indian Penal Code including Section 120B for criminal conspiracy, under Section 409 for breach of trust, under Section 420 for cheating, and under Section 468 and Section 471 for forgery.
Raju, Satyam founder and former Chairman, resigned from the company after confessing to country’s biggest financial fraud of Rs 14,000 crore and disclosing massive financial irregularities in January 2009.
Raju and his brother Rama Raju were arrested by the Andhra police on January 9, 2010. Nine other accused, including top company officials and auditors, were also arrested in the case. (ANI)
