In a sensational decision by the Andhra Pradesh High Court, Ramalinga Raju one of the main convicts in the mammoth financial scandal in Satyam, has been granted bail on unbelievable grounds. Along with Raju, who was the managing director of the company, four other accused also have been granted bail.

Ramalinga Raju, along with Vadlamani Srinivas who was the financial officer and three other too has been granted bail, by Justice Raja Elango of the Andhra Pradesh High Court on unbelievable grounds. These convicts had been surrounded in the multi crore financial scandal that had taken place in the IT company Satyam.

The Satyam financial scandal had been officially announced by the company in the month of February 2009.  During this period of speculation, the Chairman Mr. Ramalinga Raju had confessed in his own words that he had falsified the accounts of the Satyam Company.

Ramalinga Raju, the former MD and chief financial officer, Vadlamani Srinivas, of Satyam along with three others of the same company have been granted bail by the Andhra Pradesh High Court, in context of the multi crore financial scam with the company.

Except, B. Ramalinga Raju, all the accused in the Satyam have been granted bails by the court in each different event. Pricewaterhouse (PwC) auditor S. Gopalkrishnan and former internal auditor Prabhakara Gupta, who had been accused in the Satyam scandal, too have been granted bails.

In the month of January last year, Satyam founder, Ramalinga Raju, and nine of his other accomplices were arrested after he had accepted, that he had played a fraudulent game in the company’s books of accounts, which amounted to crores.