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SEBI seeks SC permission to quiz Raju

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Agencies

Posted: Feb 02, 2009 at 1207 hrs IST
Sebi

New Delhi Market regulator SEBI is seeking the Supreme Court's permission to interrogate Satyam's disgraced founder Ramalinga Raju and his brother Rama Raju in connection with the Rs 7,800-crore fraud in the IT company.

Solicitor General G E Vahanvati submitted the request before a bench headed by Chief Justice K G Balakrishnan on behalf of SEBI.

The bench has posted the matter for mentioning on Tuesday.

Last week, the Andhra Pradesh High Court had posted SEBI's identical plea for hearing on February 9 without giving an ex-parte order allowing the regulator to quiz the Raju brothers.

SEBI had moved the high court challenging a lower court order, which denied it permission to interrogate the Raju brothers, who are in judicial custody.

A probe team from SEBI had landed in Hyderabad on January 8, a day after Ramalinga Raju disclosed the massive accounting fraud in the IT company.

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SEBI is naive by oldindian on 02 Feb 2009

Going by the nonsense sprouted by congress w.r.t CEC, SEBI is naive asking SC for permission to question Raju. Expect nonsense from our Law minister that SEBI should restrict itself to cases referred to it by govt. on companies running out of non congress states. Good show congress - whether it is mumbai terrorist attack, Raju, Telecom Licenses - you show level of stupidity and inefficiency that is simply inimicable.

SEBI TO SC by S.SRINATH on 02 Feb 2009

A wonderful political Drama. Let SEBI sleep like this.

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