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| SRSR GM granted bail; PW partners custody extended |
| BS Reporter / Hyderabad Feb 06, 2009, 17:27 IST |
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The sixth additional chief metropolitan magistrate today granted bail to SRSR Holdings general manager Gopalakrishnam Raju on two sureties of Rs 25,000 each. SRSR Holdings is a promoter company of Satyam founder B Ramalinga Raju.
The court ordered him to surrender his passport and cooperate with the investigating agencies. He is also not allowed to leave the city without the permission of the court. Gopalakrishnam Raju was in judicial remand till February 7. The court heard the arguments on February 3 but reserved the orders for today. The prosecution was of the view that he had played a key role in various land deals done by the Satyam founder and his family.
The judge also extended the judicial custody of Price Waterhouse (PW) partners and auditors S Gopalakrishnan and Talluri Srinivas, respectively till tomorrow. PW counsel Mastan Naidu Cherukuri said he would move a bail petition tomorrow. Gopalakrishnan and Srinivas were sent back to the prison on Thursday after the two-day police custody ended. PW is the former statutory auditor of the IT company, which is mired in a Rs 7800-cr fraud. The two were first arrested on January 24 on charges of colluding with the company for fudging the accounts.
Meanwhile, the judicial custody of Ramalinga Raju, his brother Rama Raju and former chief financial officer Srinivas Vadlamani will end tomorrow.
This, even as the six-member Sebi team interrogated the Raju brothers separately at Chanchalguda jail. Today was the third and final day of interrogation. There was no media briefing, though.
Earlier in the day, Bharath Kumar, counsel for Raju brothers, visited them in the jail before the Sebi officials began their interrogation at around 10.30 in the morning. It is said that Kumar updated Raju brothers on various developments. He had made unsuccessful attempts for two days to meet the Raju(s) even as the Sebi officials were questioning them. On the first day of the interrogation, he said he would file objections before the Supreme Court on the conduct of the interrogation.
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