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Court dismisses Raju's custody-revision plea
January 19, 2009 18:06 IST
The Andhra Pradesh high court on Monday dismissed petitions seeking a direction to quash a lower court's order sending Satyam's [Get Quote] Ramalinga Raju and two others to police custody, even as a magistrate deferred hearing on their bail applications to January 22.
Justice P Swaroop Reddy dismissed the three revision petitions filed against the lower court's order on police custody, saying that there was 'no need for the high court's intervention at this juncture.'
The 6th additional chief metropolitan magistrate had, on January 17, ordered Raju, his brother Rama Raju and Satyam's former CFO Vadlamani Srinivas to be sent to police custody for four days till January 22.
Justice Reddy said the trial court is fully conscious of the case.
Appearing for Raju, defence counsel Prakash Reddy argued that all the documents pertaining to the case have already been seized by the CID and nothing is left with them. Hence, there was no point for custodial interrogation.
Padmanabha Reddy appeared for Rama Raju, while Nalini Kumar represented Srinivas.
Meanwhile, hearing on separate petitions seeking bail and special status in jail by Raju and the two others were deferred till January 22.
Another petition by market regulator Securities and Exchange Board of India, seeking a day's custody of the three, was also deferred to January 22 -- the day when the trio would be produced before the court after their time in police custody.
The court had sent the Raju brothers and Srinivas to police custody to facilitate a probe into the Rs 7,800 crore (Rs 78 billion) financial fraud disclosed by the IT firm's founder on January 7.
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