The Supreme Court on Wednesday granted bail to four erstwhile Satyam Computer Services Ltd employees and an official to its statutory auditor Pricewaterhouse Coopers (PwC) in one of the India's biggest corporate frauds.
V Venkatapathy Raju, former senior manager of Satyam Computers Services Ltd, former assistant manager C S Srisailam, former vice president G Ramakrishna, former head of its internal audit V S Prabhakar Gupta and PwC employee Subramani Gopalakrishnan were granted bail.
An Apex Court bench consisting of Justices Dalveer Bhandari and Dipak Misra said that they will be released upon the satisfaction of the trial court and they will deposit the passports to the trial court, if not done already.
The four former officials of Satyam Computers Services Ltd along with the firm's owner Ramalinga Raju and his brother are facing prosecution for fudging the accounts and showing inflated profits which became one of the biggest corporate scams.
The growing of the scam and consequent collapse of the company left lakhs of shareholders and others duped.
News reported by AR for Newsvision
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