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Satyam scam
Disgraced Satyam Computers former chairman B Ramalinga Raju, the prime accused in the multi-crore financial fraud in the IT firm, on Thursday moved the Supreme Court pleading that he be released on bail.
The Supreme Court on Thursday granted bail to Price Waterhouse Cooper's auditor Srinivas Talluri, who was arrested in Satyam fraud case for allegedly conniving with its founder B Ramalinga Raju and other aides.
The Bombay High Court on Tuesday continued its stay on the production warrant against B Ramalinga Raju, former Chairman of Satyam, and directed a local court to expedite hearing on his application for transfer of a cheating case to Hyderabad.
It'll be a year on Thursday since B Ramalinga Raju's explosive admission about an accounting fraud at Satyam, but the iconic IT firm that he founded has managed to move on and out of the shadows of the country's biggest corporate scam.
The probe into the Rs 14,000-crore Satyam fraud, clean chit to Italian businessman Ottavio Quattrocchi in the Bofors payoff scam and a number of high-profile cases kept the country's premier investigating agency busy in 2009.

