Court grants conditional bail to Raju's brother

A local court here today granted conditional anticipatory bail to SRSR Advisory Services Director B Suryanarayana Raju, brother of former Chairman of Satyam Computer Ramalinga Raju, subject to his surrender before the designated CBI court.

The fourth additional metropolitan sessions judge ordered Suryanarayana Raju to surrender himself before the XIV additional chief metropolitan magistrate court, which is the designated court for CBI cases, now hearing the case pertaining to Rs 7,800-crore financial fraud in Satyam Computer, engineered by Satyam's founder Raju.

The fourth additional metropolitan sessions judge also asked Suryanarayana Raju to surrender his passport within 10 days from the date of this order, and after his surrender before the XIV additional chief metropolitan magistrate court, it shall release him on bail on his executing a bond for Rs 10,000 each with two sureties.

The judge further ordered Suryanarayana Raju not to leave the city limits till further orders and to appear before the police as and when required by them for further investigation or interrogation.

The second anticipatory bail application of Suryanarayana Raju was heard yesterday and the orders were reserved for today after his first bail plea was dismissed by the same court on February 13.