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I-T dept wants to quiz Raju, approaches court

I-T dept wants to quiz Raju, approaches court
PTI
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First Published: Fri, Feb 13 2009. 06 40 PM IST
Updated: Fri, Feb 13 2009. 06 40 PM IST
Hyderabad: The Income-Tax (I-T) department on Friday wanted to quiz disgraced Satyam founder B Ramalinga Raju, who has confessed to manipulating his company’s accounts to the tune of Rs7,800 crore.
In a petition filed in the court of 6th Additional Chief Metropolitan Magistrate, the I-T department sought three days time to examine and record the statement of Raju.
The court, which heard I-T counsel Ramakrishna Reddy, posted the matter to Monday as defence lawyer sought time to file a reply.
Reddy said the assessment of Satyam Computers for 2007-08 was pending before the deputy commissioner of I-T for finalization of assessment. Before the department could assess the income of the firm, Raju himself publicly admitted that he had inflated the company’s accounts.
“We have filed the petition under section 131 of Income Tax Act, which authorises the deputy commissioner to record the statement of Raju on the oath,” Reddy said.
The judge also posted a petition by market regulator Sebi for 16 February. Sebi has sought permission to question Satyam’s former CFO Srinivas and Price WaterHouse’s sacked executives S Gopalakrishnan and T Srinivas who are accused in the case.
Earlier, the regulator had interrogated and recorded the statement of Raju and his brother Rama Raju for three days from 4 February in Chanchalguda Jail.
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First Published: Fri, Feb 13 2009. 06 40 PM IST