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Sebi team arrives in Hyderabad to quiz Rajus

Sebi team arrives in Hyderabad to quiz Rajus
PTI
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First Published: Wed, Feb 04 2009. 01 07 PM IST
Updated: Wed, Feb 04 2009. 01 07 PM IST
Hyderabad: A five-member Sebi team arrived at the Chanchalguda Central Prison in Hyderabad on Wednesday to quiz Satyam’s Computer disgraced founder Ramalinga Raju, his brother & former managing director Rama Raju regarding the Rs7,800 crore financial fraud in the IT firm.
The Supreme Court in its order on Tuesday directed the superintendent of the Chanchalguda prison to allow Sebi’s investigating officer Sunil Kumar to quiz Raju brothers for three days from Wednesday in connection with the fudging of account books in the IT outsourcer.
The Sebi team submitted a copy of the Supreme Court order in this regard. They (Sebi) are yet to start questioning the Rajus, a state prisons official told PTI.
He further said Sebi will be provided a place in the administrative block of the jail for interrogating the Raju brothers.
“We are going through the copy (of the order) and a decision will be taken on whether the Sebi interrogation will take place in the presence of a jail official - either a superintendent, deputy superintendent or a jailor,” he added.
Rajus have been sent to judicial custody at the Chanchalguda Prison till 7 February by a local court.
Sebi had sought permission of a local court to quiz Raju brothers on ‘buying, selling and dealing´ in Satyam shares.
But its appeal was rejected by the court on the grounds of “maintainability and jurisdiction”, while the AP high court had deferred its plea.
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First Published: Wed, Feb 04 2009. 01 07 PM IST