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Hyderabad : Andhra Pradesh High Court on Feb 19 rejected the bail plea of Satyam Computers founder B Ramalinga Raju, the prime accused in the multi-crore financial fraud in the IT firm.
The bail plea of Senior Vice President-cum-Global Head of Internal Audit Cell in Mahindra Satyam, V S Prabhakar Gupta, was also rejected by Justice P Swarup Reddy.
Gupta, who held the same position in the Satyam Computers Services Limited, was arrested on November 21 on charges of falsifying accounts and conspiring with other accused in the case.
In his bail application, Ramalinga Raju said the entire investigations in the Satyam case have been completed and that chargesheets were also filed.
As the chargesheet contains thousands of documents, he is not able to go through it and unable to meet his counsels to prepare for his defence due to his ill-health, Raju informed the court through his counsel.
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