SC worries for Satyam Raju

The Supreme Court on Monday issued notices to the founder of the erstwhile Satyam Computers B. Ramalinga Raju and four others asking them why their bail should not be revoked.

The Satyam founder had been granted bail by the Andhra Pradesh High Court on August 18 after spending nearly nine months undergoing treatment at the Nizam’s Institute of Medical Sciences for Hepatitis C.

A Bench of the Supreme Court bench comprising Justice Deepak Verma and Justice Dalbeer Bhandari heard Solicitor General Gopal Subramanium plea that the five have recruited key witnesses in the biggest fraud in the country’s history and may orchestrate the possible destruction of key evidence in the case.

The Supreme Court asked the five accused to reply within a week on the CBI’s objection to their bail plea and the tampering of evidence charges.

Satyam founder Ramalinga Raju, his brother Rama Raju and eight others were arrested last year after Raju admitted to fudging the accounts of the IT company.

Raju is the main accused in the Rs 14,000 crore accounting fraud which came to light in January 2008.