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SC cancels bails of PwC partner Gopalakrishnan, Satyam’s Gupta

The apex court, which had on 18th April reserved its order, said it was cancelling the bail of the accused after looking into allegations in the charge-sheet filed by the CBI

New Delhi: The Supreme Court today cancelled the bails granted to PricewaterhouseCoopers (PwC) partner Subramani Gopalakrishnan and Satyam Computer Services' internal auditor VS Prabhakar Gupta, directing them to surrender by 30th April, reports PTI.

A bench comprising Justice P Sathasivam and Justice BS Chauhan cancelled their bail and directed them to surrender within this period, failing which the central investigative agency will take steps to arrest them.

The apex court, which had on 18th April reserved its order, said it was cancelling the bail of the accused after looking into allegations in the charge-sheet filed by the Central Bureau of Investigation (CBI).

The orders were passed on CBI's plea seeking cancellation of bail granted to Mr Gopalakrishnan, partner of the global auditing firm PwC and Mr Gupta, internal audit head of the scam-hit IT firm Satyam Computers.

The CBI had challenged the bail granted to Mr Gopalakrishnan and MR Gupta, both accused in the allegedly Rs14,000 crore Satyam scam, by the Andhra Pradesh High Court in June 2010.

Its plea was opposed by the counsels appearing for Mr Gopalakrishnan and Mr Gupta, who submitted that the investigating agency had approached the apex court ten months after the order passed by high court.

They further submitted that the Supreme Court had already given bail to one of the PWC auditors of Satyam-Talluri Srinivas-even as the CBI is seeking to send another auditor Mr Gopalakrishnan behind the bars.

However, CBI the contended this saying there was difference in the role of Talluri Srinivas and Mr Gopalakrishnan in the Satyam case.

"Mr Talluri was (there) for the period of last one year. He merely followed the principles of Mr Gopalakrishnan. Mr Gopalakrishnan has taken exorbitant fee from the company (Satyam). He even took charges for other services... It may be that the money was to help them (Mr Raju) in conspiracy," said Additional Solicitor General HP Rawal appearing for CBI.

The bench also agreed and said "both (Mr Talluri and Mr Gopalakrishnan) are on different footing. It cannot be a precedent."

The Supreme Court on 26th October last year had also cancelled the bail granted to B Ramalinga Raju, the founding chairman of Satyam Computers (now Mahindra Satyam), and five others.

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Little public tolerance on corruption: PM

"We must recognise that there is little public tolerance now for the prevailing state of affairs. People expect swift and exemplary action and rightly so," prime minister Manmohan Singh said while inaugurating the Civil Services Day

New Delhi: Admitting that there is little public tolerance now for the prevailing state of affairs on the issue of corruption, prime minister Manmohan Singh today said that his government is committed to face this challenge boldly as people expect swift and exemplary action, reports PTI.

Mr Singh also said that government hopes to introduce the Lokpal Bill during the monsoon session of Parliament on which a committee of ministers and representatives of civil society are working.

Addressing IAS, IFS, IPS and other senior bureaucrats, the prime minister did some plain speaking. "There is a growing feeling in the people that our laws, systems and procedures are not effective in dealing with corruption," he said asking them to contribute in the fight against corruption.

"We must recognise that there is little public tolerance now for the prevailing state of affairs. People expect swift and exemplary action and rightly so," Mr Singh said while inaugurating the Civil Services Day.

Recalling his earlier statement that corruption was an impediment to faster growth and hurts the poor the most, the prime minister said, "It is a challenge that we must tackle boldly and we stand committed to doing so."

He noted that the issue of ethics and transparency in governance was a subject which has attracted a great deal of attention in recent days.

The prime minister said he expected the civil servants to be honest and fearless in advising the political leadership. Hoping to see renewed energy from each one of them in the fight against corruption, he said, "I expect you to be honest and fearless in advising your superior authorities, especially the political leadership.

"Those of you who serve in senior positions would do well to also encourage your subordinate officers in this direction," he said.

Mr Singh said that the government's aim was to strengthen the legislative framework, revamp administrative practices and procedures and fast track a systemic response to fight corruption.

A group of ministers is looking into the legal and administrative measures and he expected its recommendations to be available soon, he said.

"A committee of ministers and representatives of civil society is at work to finalise the draft of the Lokpal Bill, which we hope to be able to introduce during the monsoon session of Parliament," he said.

Observing that two bills relating to judicial accountability and protection of whistle blowers have already been introduced in Parliament, Mr Singh said that the government would soon ratify the United Nations Convention on Corruption.

"We are committed to bringing more transparency in public procurement and to ensuring that disinvestment of public utilities and allocation of public resources are done in a manner that best safeguards the interests of the asset-owning public," the prime minister said.

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COMMENTS

Kumar

6 years ago

Is MR. PM Teaching people in general to be tolerant to corruption; instead of taking effective steps to stem the rot?? Shame!

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