All the 10 people including B Ramalinga Raju and his brother B Rama Raju have been granted bail in the multi-crore Satyam Computer Services Ltd (SCSL) accounting fraud case subject to certain conditions by the Metropolitan Sessions Court in Hyderabad.
Ramalinga and his brother have been ordered to pay Rs 1 lakh in personal bond, and the other 8 accused will have to pay Rs 50,000 in personal bond. All accused will have to pay 10 per cent of their fine amount within four weeks which was imposed on them by the trial court while sentencing them.
The special Central Bureau of Investigation (CBI) court of judge BVLN Chakravarthi had slapped a fine of Rs 5 crore on Raju and his brother and Satyam’s former Managing Director B Rama Raju, who will also serve a seven-year jail term. The other eight convicts were also been sent to seven years in jail and slapped a fine of Rs 25 lakh each.