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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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