Satyam case: Ramalinga Raju, nine others released from prison
Satyam Computers founder B Ramalinga Raju and nine others were on Wednesday released from the Cherlapally Central Prison here after a city court suspended their sentence in the multi-crore rupee accounting fraud case and granted them bail two days ago.
Satyam Computers founder B Ramalinga Raju and nine others were on Wednesday released from the Cherlapally Central Prison here after a city court suspended their sentence in the multi-crore rupee accounting fraud case and granted them bail two days ago.
The Metropolitan Sessions Court, on May 11, suspended seven-year rigorous imprisonment awarded to Raju and others in the Satyam case, known as one of the biggest corporate frauds in India.
Their lawyers on Wednesday furnished sureties and required documents besides undertakings to pay one tenth of the fine amount and not to seek any further adjournments (during the hearing of their appeals in the sessions court) before the trial court as per the bail order.
After this they obtained release orders, which were submitted to the prison authorities.