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Friday, August 27, 2010

Raju's bail to be challenged in SC for cancellation

New Delhi, Aug 27 : CBI sources today indicated that the Andhra Pradesh High Court order granting bail to Ramalinga Raju, former chairman of Satyam software company involved in Rs 7,000 crore corporate scam,will be challenged in the Supreme Court.Raju, who is involved in the biggest corporate scam in the country and had cheated thousands of investors of their hard earned money, stayed for almost 10 months in a five star hotel on the pretext of sickness and has been granted bail on medical grounds.With his release on bail, all the accused in the case are out on bail.According to CBI, keeping in view the criminal clout of the accused, the possibility of Raju tampering with the investigation and evidence in the case cannot be ruled out.
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