AP High Court Grants bail to Ramalinga Raju (Satyam Fraud)

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AP High Court Grants bail to Ramalinga Raju (Satyam Fraud)

The Andhra Pradesh High Court on Wednesday granted bail to prime accused Ramalinga Raju in India’s biggest corporate scam, the Rs 10,000-crore Satyam fraud case, reports the HT.

Earlier on July 20, the Andhra High Court had granted bail to five former Satyam Computer executives, including the brother of former chairman B Ramalinga Raju. 

Raju has been given bail on the condition that he will remain in Hyderabad till further orders and will have to give two securities of Rs 20 lakh each. He will have to depose before the investigating officer every day once he has been discharged from NIMS

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