sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« From the Courts »
 Ahmed Charaniya vs Jasmine Charaniya
  Assistant Commissioner Of Income Tax Vs Saabri Freight Carrier Pvt Ltd
 Assistant Commissioner Of Income Tax Vs Saabri Freight Carrier Pvt Ltd
 Assistant Commissioner Of Income Tax Circle 1 & Ors.Appellant(S) Vs Late Rewati Singh Dead Through Lrs. And Husband Hukum Singh (D)respondent(S)
 Assistant Commissioner Assessment Iv Trade Tax, Varanasi & Ors. Vs M/s Auto Centre
 Ansal Housing And Construction Ltd. Vs Assistant Commissioner Of Income Tax & Anr.
 All India Federation of Tax Petitioner(s) Vs Union of India and Another
 Akansha Vs Jignesh Koshti & Anr.
 In Re The Indian Express And The Tribune Dated 2nd May 2018 Regarding Kasauli Incident
 Badri Vishal Pandey & Ors. Vs Rajesh Mittal & Ors.
 Afshan Pracha Vs Union Of India & Ors.

Satyam fraud: Supreme Court agrees to hear bail pleas of accused
September, 16th 2011

The Supreme Court on Friday agreed to hear the bail pleas of four of the accused arrested for their alleged roles in the multi-crore Satyam accounting fraud and issued notice to the CBI.

A bench of justices Dalveer Bhandari and A.K. Patnaik directed the CBI to file its reply within two weeks on the bail pleas of Satyams former employees G. Ramakrishna, D. Venkatpathi Raju and Ch. Srisailam and Satyams former internal chief auditor V.S. Prabhakar Gupta.

They had approached the apex court against the August 30 order of Andhra Pradesh High Court which had rejected their bail pleas.

The prime accused in the case -- Satyam former chief Ramalinga Raju and his brother and former MD B. Rama Raju are still in judicial custody.

Besides Mr. Raju, Mr. Rama Raju, and the four Satyam employees, the firm former Chief Financial Officer Vadlamani Srinivas, and former PricewaterhouseCoopers (PWC) auditor Subramani Gopalakrishnan are currently lodged in Chanchalguda Central Prison in Hyderabad.

The accused had sought bail on the grounds that the trial in the Satyam scam was not completed within the Supreme Court-stipulated deadline of July 31 and all the prosecution witnesses have been examined.

The apex court had in October last year, while cancelling Mr. Rajus bail, stated that the accused could file another bail application only after July 31, 2011, if the trial in the case was not completed in the local court.

Mr. Raju, the former chairman and founder of Satyam Computer, had surrendered on November 10 last year before a Hyderabad court adjudicating the nations biggest corporate fraud, allegedly to the tune of Rs. 14,000 crore.

Of the ten accused in the case, B. Suryanarayana Raju, who is Mr. Rajus brother, and T. Srinivas, a former auditor of PWC had been granted bail by different courts earlier.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions