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SEBI quizzing of Satyam accused starts

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Agencies

Posted: Feb 18, 2009 at 1521 hrs IST

Hyderabad The Sixth Additional Chief Metropolitan Magistrate on Wednesday allowed SEBI to quiz Satyam Computer's former CFO Vadlamani Srinivas and ex-Price Waterhouse partners S Gopalakrishan and Talluri Srinivas.

The permission was granted on a petition by market regulator SEBI.

While the interrogation of V Srinivas has already begun and will continue till afternoon, the Price Waterhouse auditors would be grilled on Thursday, in the presence of their counsels.

Satyam Computer founder Ramalinga Raju, his brother Rama Raju, the company's former CFO Vadlamani Srinivas and the two auditors are in judicial custody in connection with the Rs 7,800-crore accounting fraud in the IT company.

Earlier, on the direction of the Supreme Court, the market regulator interrogated and recorded the statements of B Ramalinga Raju and his brother Rama Raju for three days from February 4 at the Chanchalguda jail in Hyderabad.

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Satyam Fraud by J.Narasimha Rao on 08 Mar 2009

Why don't they try to recover the embezzled amount from Raju and others. Their properties including the 'benami' ones can be confiscated. Tell me, is there no way of recovering the amount. Is there a will to rover in the first place. The irony is the scamsters themselves are the custodians. Are courts really helpless. Can't anybody file a PIL? What kind of democracy do we have?

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