Satyam scam: No interim relief for Raju, says SC

Satyam founder B Ramalinga Raju and his brother B Rama Raju, arrested in connection with the multi-crore accounting fraud involving the IT firm, will have to remain in jail during Diwali as the Supreme Court today refused to give them interim relief saying they have delayed in approaching it.

The apex court, however, agreed to give an early hearing to their pleas and issued notice to CBI for November 3, after the Diwali break.

"Why you delayed in filing the petition," the bench asked when senior advocate Ashok Desai, appearing for the brothers, pleaded for interim relief saying five other accused in the case have recently been granted bail by the apex court.

[caption id="attachment_113498" align="alignleft" width="380" caption="Founder and Former Chairman of fraud-hit Satyam Computers B. Ramalinga Raju"][/caption]

Apart from the two brothers, former Chief Financial Officer Vadlamani Srinivas also moved court seeking bail.

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The apex court had on October 12 granted bail to five other accused in the case.

The former Satyam employees, who were granted bail, are its former Internal Chief Auditor V S Prabhakar Gupta besides executives G Ramakrishna, D Venkatpathi Raju and Ch Srisailam.

The fifth accused, who got the bail, is the former auditor of PriceWaterhouseCoopers (PWC) Subramani Gopalakrishnan.

The five had approached the apex court challenging the August 30 order of Andhra Pradesh High Court which had rejected their bail pleas.

PTI