Satyam Accounting Fraud Case - Ramalinga Raju, 9 others granted bail; court suspends their sentences

 

A Hyderabad court on Monday May 11,2015 suspended the sentences of Satyam founder Ramalinga Raju and 9 others in the multi-crore accounting scam and granted them bail.
Raju was granted bail by the metropolitan sessions court on a personal bond of Rs 1 lakh while the other accused were asked to furnish a bond of Rs 50,000 each

Note
On April 9,2015 the additional chief metropolitan sessions court, which tried the Satyam case probed by the Central Bureau of Investigation (CBI), had sentenced Raju and others to seven years' rigorous imprisonment for criminal conspiracy and cheating, among other offences.
It had also imposed Rs 5.35 crore fine on Mr Raju and his brother Rama Raju while others were fined Rs 25 lakh each.