Hyderabad: There were some interesting arguments and counter-arguments by the defence and the Central Bureau of Investigation during the hearing of Ramalinga Raju’s bail plea.
Counsels of Mr Raju and others had, during earlier arguments, submitted before the court that their clients had already served a “substantial part” of their imprisonment by spending about 35 months in jail.
Counsels had requested for the suspension of their clients’ sentences. While expressing their “inability” to pay the penalty, they had contended during arguments last week that the fines imposed on them were “exorbitant” as they had no sources of income because all their bank accounts had been frozen by the CBI and their properties had been attached by the Enforcement Directorate.
Opposing the defence arguments, Central Bureau of Investigation special public prosecutor K. Surender had said that the pleas for suspension of the sentence and the fine amounted to seeking suspension of the judgement of the trial court, which he said, was permissible only under special circumstances.
The appeals of Mr Raju and others were not permissible as there were no special circumstances, he had argued. “The act of Raju and others in fabricating documents of erstwhile Satyam Computer Services Ltd over years has caused losses to the investors to the tune of thousands of crores,” he had said, adding that they had the means of paying the fine.
