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Five Satyam accounting fraud accused granted bail by SC

Four former employees of IT major Satyam Computers Services Ltd and a former auditor of PriceWaterhouseCoopers (PWC), arrested for their alleged roles in multi-crore accounting fraud involving the software firm, were today granted bail by the Supreme Court.

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Four former employees of IT major Satyam Computers Services Ltd and a former auditor of PriceWaterhouseCoopers (PWC), arrested for their alleged roles in multi-crore accounting fraud involving the software firm, were today granted bail by the Supreme Court.

"On the totality of the circumstances, we deem it appropriate to release them on bail on a personal bond of Rs 2 lakh and surety of like amount," a bench of justices Dalveer Bhandari and Dipak Misra said, while granting bail to the five accused.

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