Satyam's founder Raju, brother granted bail by SC

In a relief to Satyam's disgraced founder B Ramalinga Raju and his brother B Rama Raju, the Supreme Court today granted them bail in the multi-crore accounting fraud involving the software firm.

Along with Raju brothers, a bench of justices Dalveer Bhandari and Dipak Misra also granted bail to Satyam's former Chief Financial Officer Vadlamani Srinivas on a personal bond of Rs 2 lakh each with two sureties of same amount.

While enlarging the trio on bail, the court directed them to surrender their passports before the trial court if they had not done that so far. There are ten accused in the case.

While five others were granted bail by the apex court on October 12, two were given bail earlier by other courts. The court also allowed CBI to approach it for modification of its bail order in case the accused were found misusing their freedom granted by it.

While passing the order, the court took into account the fact that the accused have already spent two years and eight months behind bars for their alleged offences carrying a maximum punishment of seven years.