Satyam Raju Granted Bail by Supreme Court

The Supreme Court granted bail to former Satyam CEO B Ramalinga Raju and two others on Friday. Raju has been in jail for two years and eight months. He was arrested in connection with the multi-crore accounting fraud involving Satyam Computers.

The CBI on Thursday moved an affidavit in the Supreme Court opposing bail pleas of Ramalinga Raju and his brother Rama Raju, key accused in the Rs 14,000 crore Satyam scam case, and said it was certain that once out of jail they would tamper with evidence and delay trial. But the supreme court bench consisting of Justice Dalveer Bhandari and Justice Dipak Misra said from the facts of the case and considering the totality of the circumstances, it was appropriate to grant them bail.

The Supreme Court had on October 26 last year cancelled the bail granted to Ramalinga Raju and others. However, it had given liberty to the accused to move for fresh bail after July 31 this year if the trial did not get completed. CBI said the delaying tactics by the accused and the Telangana agitation had led to the trial getting delayed beyond the July 31 deadline.

The supreme court had on October 12 granted bail to five other accused in the case. The former Satyam employees, who were granted bail, are its former Internal Chief Auditor V S Prabhakar Gupta besides executives G Ramakrishna, D Venkatpathi Raju and Ch Srisailam. The fifth accused, who got the bail, is the former auditor of Price Waterhouse Coopers (PwC) Subramani Gopalakrishnan.
 

Modi Is Not Our PM: Owaisi

MIM is a recognized state political party based in the Indian state of Telangana, with its head office in the old city of Hyderabad, which has its roots in the Majlis-e-Ittehadul Muslimeen founded in 1927. Unlike most of the regional and national level parties, MIM party leaders ‘fight’ only for the well-being of Muslims, whereas no other party has such communal feelings. In their each and every speech, MIM leaders speak only about Muslims. If these leaders are here to fight for Muslims, then why there are no development works are happening in old city area for decades. Akbaruddin Owaisi faced criticism for making hate remarks on Narendra Modi and Hindus. Recently, his elder brother Asaduddin Owaisi made some notorious annotations. In a one-on-one debate between BJP spokesperson Sambit Patra and Asaduddin Owaisi on the topic of demonetization in a popular Hindi channel, the former left no stone unturned in exposing the latter’s communal designs. Owaisi claimed how most of the Muslim community still remains unbanked and that demonetization has caused severe inconvenience to Muslims. He even went on to say that ATM’s in Muslim-dominated areas weren’t fed enough money. He indirectly alleged that the Modi government hadn’t done anything for Muslims. Even after being pressurized Owaisi didn’t call Narendra Modi as his Prime Minister. He went on said, “Your Prime Minister…” On the other hand, Sambit spoke wisely and called Owaisi a leader of small stature because he talked only of Muslims. He said that no area was Muslim or Hindu and that all areas belonged to India. Owaisi was constantly quoting an RBI report, to which Sambit challenged him to show where the RBI had used the word ‘Muslim’. Sambit even said that if a Muslim leader speaks of Muslims it’s not an issue, but the moment a VHP leader speaks of Hindus people go crazy accusing them of imposing the Hindutva ideology. The most amazing of his counters was to Owaisi’s claims of Muslims not having been brought into the banking system. Sambit said that when banks or ATMs are to be opened in Muslim areas leaders like Owaisi shout that banking is un-Islamic and that Muslims should refrain from it! This video of debate between Sambit Patra and Asaduddin Owaisi is going viral in social media.