The stars seem to be aligned for convicts...


All 10 convicts in the Satyam case including B Ramalinga Raju, granted bail by the MSJ court in Hyderabad. The court heard an application filed by Satyam Computers founder B Ramalinga Raju and nine others, seeking suspension of their sentence and fines imposed on them in the multi-crore rupee accounting fraud.


Raju, the kingpin of the scam, and nine other convicts, currently lodged in Cherlapally Central Prison, had filed the appeals and applications in the MSJ court on Monday, challenging their conviction, besides sentences and fines imposed by the Additional Chief Metropolitan Magistrate Court (ACMM) in the over Rs 7,000-crore scandal that came to light in 2009, and enlarging them on bail.


On April 9, six years after the biggest accounting fraud shook the corporate world in India, Satyam chief B Ramalinga Raju and nine others were found guilty by a special court on charges of criminal conspiracy and cheating in the Rs 7,000 crore (Rs 70 billion) scam. The court sentenced Raju to seven years of imprisonment, television channels reported. He was also asked to pay a fine of Rs 5 crore (Rs 50 million).