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SC issues notices former Satyam MD, four others

The Supreme Court on Monday asked former Satyam managing director B Rama Raju and four others, accused in Rs 14,000-crore accounting fraud in Satyam, as to why their bails should not be cancelled.

twitter-logo PTI   New Delhi     Last Updated: September 16, 2010  | 12:54 IST

The Supreme Court on Monday asked former Satyam managing director B Rama Raju and four others, accused in Rs 14,000-crore accounting fraud in Satyam, as to why their bails should not be cancelled.

The Supreme Court bench comprising Justice Deepak Verma and Justice Dalbeer Bhandari issued notices to the five accused on a petition filed by CBI.

The Andhra Pradesh high court in July had granted bails to Rama Raju, brother of Satyam founder B Ramalinga Raju, former Satyam CFO V Srinivas and three others former IT company employees G Ramakrishna, Venkatapathi Raju and Ch Srisailam accused in the India's largest corporate fraud.


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