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Satyam: Sebi gets SC nod to quiz Raju  

New Delhi, Tuesday 3 February 2009: The Supreme Court permitted the Securities and Exchange Board of India (Sebi) on Tuesday to interrogate former Satyam chairman B Ramalinga Raju and his brother, Rama Raju, in connection with the Rs 7,800 crore fraud.

Sebi’s investigator, Sunil Kumar, will interrogate the two brothers at the Hyderabad jail over the next three days.

Frustrated by the perplexing refusal of a trial court in Andhra Pradesh to let the Securities and Exchange Board of India question Raju, the stock market regulator on Monday moved the Supreme Court to gain access to the alleged mastermind of the country’s biggest-ever corporate fraud.
(Agency)

  • By KOL News , Written on February 3, 2009
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