They had been taken into custody barely a month ago after the
conviction in the trial court. M Laxman, special judge for economic
offences, said the execution of "substantive and default" sentence is
suspended for Raju and his brother and then managing director of Satyam,
B Rama Raju, on furnishing of personal bonds of Rs one lakh each and
two sureties of the like sum.
"They shall also pay one tenth of fine amount within four weeks from
the date of release on bail before the primary court (Trial Court),
failing which they must undergo default sentence," the judge stated in
the order.
With regard to eight others, the court suspended their sentences and granted them bail on execution of personal bonds of Rs 50,000 each and two sureties of like sum each.
With regard to eight others, the court suspended their sentences and granted them bail on execution of personal bonds of Rs 50,000 each and two sureties of like sum each.
They too were directed to pay one tenth of the fine amount within
four weeks from the date of release. Raju, the main accused, and others,
currently lodged in Cherlapally Central Prison, had filed appeals in
the sessions court last week, challenging conviction and the sentences
awarded by the Additional Chief Metropolitan Magistrate's Court (ACMM)
in the over Rs 7,000-crore scandal which came to light in 2009.
On April 9, the ACMM Court, which tried the Satyam case probed by
CBI, had sentenced Raju and others to seven years' rigorous imprisonment
for criminal conspiracy and cheating among other offences.
It also imposed Rs 5.35 crore fine on Raju and Rama Raju, while others were fined Rs 25 lakh each. Raju and other convicts were asked to give an undertaking to cooperate for early disposal of the appeals without seeking undue adjournments. In the event of failure, the judge said, the prosecution can apply for revocation of suspension of sentences.
It also imposed Rs 5.35 crore fine on Raju and Rama Raju, while others were fined Rs 25 lakh each. Raju and other convicts were asked to give an undertaking to cooperate for early disposal of the appeals without seeking undue adjournments. In the event of failure, the judge said, the prosecution can apply for revocation of suspension of sentences.
Source: Online Hindi News
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