Order on bail plea of Satyam accused reserved for April 25
The XIV Additional Chief Metropolitan Magistrate reserved the order on the bail petitions of former B Ramalinga Raju, his brother Rama Raju and ex-CFO Vadlamani Srinivas for April 25.
By PTI |
HYDERABAD: The XIV Additional Chief Metropolitan Magistrate on Wednesday reserved the order on the bail petitions of former Satyam Chairman B Ramalinga Raju, his brother Rama Raju and ex-CFO Vadlamani Srinivas for April 25.
The court would also announce its decision on the lie-detector test for the Raju brothers and Vadlamani on the same day.
The CBI had filed an application on March 24 seeking court permission to subject the scientific test on the three to ascertain the facts in the case.
Opposing the bail pleas, Additional Legal Advisor to the CBI B Ravindranath informed the court that if the accused are released on bail, investigation may be affected.
The CBI alleged that the Raju brothers transferred Rs 194.6 crore to companies floated by them without being authorised by the company's board of directors to do so.
The court would also announce its decision on the lie-detector test for the Raju brothers and Vadlamani on the same day.
The CBI had filed an application on March 24 seeking court permission to subject the scientific test on the three to ascertain the facts in the case.
Opposing the bail pleas, Additional Legal Advisor to the CBI B Ravindranath informed the court that if the accused are released on bail, investigation may be affected.
The CBI alleged that the Raju brothers transferred Rs 194.6 crore to companies floated by them without being authorised by the company's board of directors to do so.
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