Former Satyam chief Ramalinga Raju gets bail

Former Satyam chief Ramalinga Raju gets bail

Raju, who was arrested on January 7 last year and is currently undergoing treatment in a city hospital, was granted bail on the condition he stay in Hyderabad and provision of on two sureties of Rs 20 lakhs each.

Justice Raja Elango granted the bail to the former chairman of Satyam Computer, which has since been taken over by Mahindra group and renamed Mahindra Satyam, even as the CBI said he could influence witnesses numbering 250 if let out. With Ramalinga Raju getting bail, all the 10 accused in the Rs 14,000 crore Satyam accounting fraud case have been granted bail by various courts.

Raju had in January last year written to the company's board admitting to fudging the accounts. Raju will remain in Hyderabad city until further order, his lawyer Bharat Kumar told reporters here. Kumar said Raju has been cooperating in the investigations and will continue to do so without any let or exception. "He will scrupulously follow any conditions laid down by the court."

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