A local court today reserved its verdict on the bail plea of founder Chairman of Satyam Computer Services B Ramalinga Raju and its former CFO Vadlamani Srinivas, putting it off for tomorrow.
The two accused in the Rs 7,800-crore fraud in the IT company, were produced before the court of the sixth additional chief metropolitan magistrate amid tight security.
Meanwhile, the Andhra Pradesh CID has sought police custody of SRSR General Manager Venkata Gopal Krishna Raju, who is now in judicial custody.
Gopal Krishna was arrested on January 22.
CID moved the court of additional chief metropolitan magistrate to secure custody of Gopal Krishna Raju.
SRSR Holding is owned by Ramalinga Raju's sibling, Suryanarayana Raju, whose house was also searched by the police with regard to the Rs 7,800 crore accounting fraud in Satyam.
Satyam founder Ramalinga Raju's family held stake in the IT company through SRSR Holding.
The magistrate also posted the bail petition of Price Waterhouse executives S Gopalakrishnan and T Srinivas for hearing on January 29.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
