Hyderabad: Hyderabad court grants bail to Satyam Computers founder B Ramalinga Raju, 9 others in multi-crore rupee accounting fraud.

A local court on Friday deferred to May 11 its order on 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.

M Laxman, Special Judge for Economic Offences court-cum-VIII Metropolitan Sessions Judge (MSJ) court here, who had on Thursday heard arguments and counter arguments and posted the matter for order on Friday, said he will pronounce the order on May 11.

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