Hyderabad: Bail plea of Ramalinga Raju will be heard on Friday by Hyderabad court.

On January 12, besides Ramalinga Raju, the court had delayed the hearing of the bail plea of Ramalinga’s brother Rama Raju and Satyam’s Chief Financial Officer Vadlamani Srinivas.

All are in judicial custody till January 23 and have been lodged in the Chanchalguda Central Prison.

The court will also listen to a request filed by the Security and Exchange board of India(SEBI) for quizzing Raju and the two others while they are in judicial custody.

Raju’s lawyer Bharat Kumar told journalists that a team of 25 lawyers has been put together to defend Raju and others.

In the meantime, police stepped up their inquiry into the case, having charged Ramalinga Raju and B Rama Raju with illicit conspiracy and forgery after Raju admitted profits had been flimsy for years and quit.

A case has been filed in opposition to Raju under Sections 120-B (criminal conspiracy), 406 (criminal breach of trust), 420 (cheating), 468 (forgery for cheating) and 477-a (fraudulent cancellation of securities) of IPC.

Raju had disclosed a financial fraud in the company to the tune of Rs 7,800 crore by inflating profits and showing fictitious assets where none existed.

The company’s scrip has fallen nearly 80 per cent since the exposure was made.