HC grants bail to Satyam auditors

Jun 26, 2010 - Age Correspondent With agency inputs |

Hyderabad

The Andhra Pradesh High Court on Friday granted conditional bail to two accused persons in the Satyam Computers multi-crore accounting scam.
A CBI counsel said that S. Gopalakrishnan, the Pricewaterhouse (PWC) auditor who signed the company’s financial reports, and Prabhakara Gupta (accused 10), a former internal auditor, were granted bail.

However, Justice Raja Elango, who heard the bail application filed by the duo, ordered them to appear before the investigating officer everyday and cooperate with the probe.
With this, four of the 10 accused in the Satyam scandal case have obtained bail from different courts. Gupta, a senior vice-president-cum-global head of the Satyam internal audit cell, was arrested in November 2009.
Two PWC auditors were arrested in last year, soon after the state CID — which was investigating the case, apprehended the company’s former chairman, Mr B. Ramalinga Raju, the former MD Rama Raju and former CFO, Mr Vadlamani Srinivas. The other PWC auditor, T. Srinivas, was granted bail in the same case by the apex court.
— PTI

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