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Satyam Ramalinga Raju gets bail

11th May, 2015 7:15pm     Telangana      Comments  

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Looks like it's a good season for the convicts in high profile cases in the Indian judicial system. First it was Salman Khan, who was convicted in the 2002 hit and run case but was granted bail by the Bombay High Court the next day he was sentenced to 5 year jail term. This morning, former Tamil Nadu Chief Minister J Jayalalitha was acquitted in the disproportionate assets case by the Bangalore High Court.

And now, Satyam Ramalinga Raju and all other convicts in the Satyam fraud have been granted conditional bail by the Nampally Court. Being the accused number 1 and number 2, Ramalinga Raju and his brother Ramaraju have been asked to deposit 1 lakh surety to be granted the bail, whereas the other convicts have been let off with a deposit of 50,000.

The Nampally Court further asked the convicts to pay the surety amount within four weeks of their acquittal. It is already known that Satyam Ramalinga Raju and nine others were sentenced to 7 year imprisonment in the infamous Satyam scam. All the convicts have been serving their jail term in the Charlapally Central Jail since their arrest in April 2015.

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