English | Telugu
Satyam Raju Utilized Bhanu Services For Bail
Updated : May 4, 2012
According to confession report, Bhanu admitted to have collected Rs. 7 crores from Satyam Computers founder Ramalinga Raju’s son Teja Raju as a part of a deal for Rs. 20 cr., for securing bail to him. Bhanu told that, he has come in contact with Teja Raju in October 2010 and promised to secure bail to Ramalinga Raju who was then in jail, through his boss Maddelacheruvu Suri, for a payment of Rs. 20 cr. Teja Raju has agreed to the deal and paid an advance of Rs. 7 crore.
Later when the Supreme Court denied bail to Satyam Raju, Teja Raju mounted preasure on Bhanu to return back Rs. 7 crore, which was advanced to him for securing bail. Bhanu reportedly told the CID that he had returned Rs. 2 crore only and pocketed Rs. 5 crores of the advance. Sources say that CID police may interrogate Teja Raju shortly to check facts about what Bhanu has told them.