Apex court allows SEBI team to quiz Satyam’s Raju brothers

NEW DELHI - The Supreme Court Tuesday gave market regulator SEBI the go ahead to interrogate disgraced Satyam founder B. Ramalinga Raju and his brother over the Rs.70 billion (Rs.7,000 crore) fraud.

A bench of Chief Justice K. G, Balakrishna, Justice P. Sathasivam and Justice J.M. Panchal allowed a Securities and Exchange Board of India team to go to Chanchalguda jail in Hyderabad, where the Raju brothers are lodged, and interrogate them over three days - Feb 4-6.

The SEBI team will be led by its General Manager Sunil Kumar.


Leave a Reply

Protected by Comment Guard Pro