STOCK MARKET BSE NSE

Satyam Case: Local Court to Hear Arguments on Bail Pleas Tomorrow

A local court will take up tomorrow the appeals filed by Satyam Computers founder B Ramalinga Raju and nine others, seeking suspension of their sentences.

Published: 06th May 2015 08:28 PM  |   Last Updated: 06th May 2015 08:28 PM   |  A+A-

By PTI

HYDERABAD: A local court will take up tomorrow the appeals filed by Satyam Computers founder B Ramalinga Raju and nine others, seeking suspension of their sentences in the multi-crore accounting fraud in the erstwhile IT company.

Arguments for suspending the sentences as well as for granting bail will come up before the Metropolitan Sessions Judge (MSJ) court here tomorrow. Raju, the kingpin of the scam, and nine other convicts, currently lodged in Cherlapally Central Prison, had filed the appeals in the MSJ court on Monday, challenging their conviction by the Additional Chief Metropolitan Sessions Court (ACMM) in the over Rs 7,000-crore scandal that came to light in 2009.

The Hyderabad High Court had on April 30 declined to admit appeals filed by Raju and others against their conviction, observing that it was not maintainable before it and asked them to move the sessions court. On April 9, the ACMM, which tried the corporate fraud case probed by the CBI, had sentenced Raju and others, including his brother Rama Raju, to seven years of rigorous imprisonment for criminal conspiracy and cheating, among other offences.

It had also imposed Rs 5.5-crore fine on Raju and his brother Rama Raju.

Stay up to date on all the latest Hyderabad news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp