A city court on Friday dismissed the petitions of two accused in the multi-crore accounting fraud in Satyam Computers seeking issuance of directions to the CBI to defreeze their saving bank accounts.
Dismissing the petitions of former Price Waterhouse auditors — S. Gopalkrishnan and Talluri Srinivas who sought defreezing of their bank accounts, the special judge trying the Satyam scam cases B.V.L.N. Chakravarti, considered CBI’s contention that further investigations is pending in the Satyam fraud case at this stage.
The judge also said that the petitioners did not file any document in the court to disclose the source of the amount available in both the accounts to show that the amount available in the accounts is no way connected with the offence.
The court observed that at this stage of proceedings in the case, no directions can be issued to the CBI regarding defreezing of the accounts and dismissed the petitions.
The CBI had, earlier, opposed defreezing of saving bank accounts of the duo in a private bank in Banjara Hills branch here on the ground that they could possibly contain funds related to the fraud.
The former PwC auditors in separate petitions had earlier submitted that the saving bank accounts were held under joint accounts with their wives respectively who were operating the accounts to meet the day-to-day expenses and other financial commitments.
