Satyam Raju’s bail petition hearing today
A Hyderabad court will hear the bail petitions of former chairman of Satyam B Ramalinga Raju, his brother B Rama Raju and former CFO Vadlamani Srinivas in the Rs 7,000-crore Satyam scam.
There are three separate petitions coming up for hearing in court on Friday. First, Ramalinga Raju’s lawyers will make their case for a bail for Raju. The police will file a counter petition seeking custody of Raju.
The court will also hear a Sebi petition to interrogate Raju and a CID petition seeking their police custody. However, Ramalinga Raju’s lawyer S Bharath Kumar has said Sebi’s plea to interrogate Raju would be opposed.