Hyderabad, July 20 (IANS) The Andhra Pradesh High Court Tuesday granted bail to five accused in the multi-crore rupee Satyam scam.
With this, all the accused in the case except the prime accused and disgraced former chairman of Satyam, B. Ramalinga Raju, are out on bail.
The court Tuesday granted bail to five accused including Ramalinga Raju’s brother and former managing director B. Rama Raju and former chief financial officer Vadlamani Srinivas.
The other three are also former Satyam employees – G. Ramakrishna, vice-president (finance), D. Venkatapathi Raju, senior manager (finance), and Ch. Srisailam, assistant manager.
All the accused are facing charges of criminal conspiracy, criminal breach of trust, cheating, forgery and falsification of accounts.
