Orders on Raju's bail plea reserved
Hyderabad, Aug 16 (INN): The state High Court on Monday reserved its order on the petition filed by main accused in the Satyam Computers accounting fraud case, B Ramalinga Raju.
The prosecution had argued against granting of bail to the founder of the company, saying that he could orchestrate the possible destruction of key evidence in the case. The prosecution also said that the bail plea is part of 'delaying tactics' adopted by Raju. Nine other accused in the case have all been given bail by different courts.
The prosecution, led by Additional Solicitor General HP Rawal said that Raju could possibly divert money siphoned off by the fraud and send it abroad. He also argued that Raju's treatment for Hepatitis C at the Nizam's Institute of Medical Sciences cannot be the grounds for him granting him bail.
The prosecution also revealed that it would challenge the bail granted to the other nine accused in the case by the High Court and Supreme Court. Mr Rawal also submitted a list of visitors to see Raju at the NIMS during his period of treatment there since the past nine months. He said that he was misleading the Court by claiming that he was so ill as unable to appear in person before the trial court.
Meanwhile, the defence team claimed that the trial may take another six years to complete and not the six months claimed by the prosecution. The defence also claimed that Hepatitis C was affecting Raju's breathing, liver and heart and may lead to a heart attack.
Hyderabad, Aug 16 (INN): The state High Court on Monday reserved its order on the petition filed by main accused in the Satyam Computers accounting fraud case, B Ramalinga Raju.
The prosecution had argued against granting of bail to the founder of the company, saying that he could orchestrate the possible destruction of key evidence in the case. The prosecution also said that the bail plea is part of 'delaying tactics' adopted by Raju. Nine other accused in the case have all been given bail by different courts.
The prosecution, led by Additional Solicitor General HP Rawal said that Raju could possibly divert money siphoned off by the fraud and send it abroad. He also argued that Raju's treatment for Hepatitis C at the Nizam's Institute of Medical Sciences cannot be the grounds for him granting him bail.
The prosecution also revealed that it would challenge the bail granted to the other nine accused in the case by the High Court and Supreme Court. Mr Rawal also submitted a list of visitors to see Raju at the NIMS during his period of treatment there since the past nine months. He said that he was misleading the Court by claiming that he was so ill as unable to appear in person before the trial court.
Meanwhile, the defence team claimed that the trial may take another six years to complete and not the six months claimed by the prosecution. The defence also claimed that Hepatitis C was affecting Raju's breathing, liver and heart and may lead to a heart attack.
News Posted: 16 August, 2010
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