Court rejects bail plea of Ramalinga Raju and two other accused
A local court in Hyderabad dismissed the bail petition of Satyam Computer's founder Chairman B. Ramalinga Raju, his brother and former Managing Director Rama Raju, and former Chief Finance Officer of the company Vadlamani Srinivas.
Additional Chief Metropolitan Magistrate rejected their bail application on the ground that since different central agencies were probing the case hence it was not proper to release them on bail.
All three accused are at present in judicial remand in connection with the scam.
CBI expressed his apprehensions that the accused may tamper or destroy the evidence if they were released on bail. The Judge concurred with the agency's assessment and observed, "Apprehensions of CBI cannot be ruled out."
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