Business | Updated Feb 03, 2009 at 07:15pm IST

SC grants SEBI permission to question Rajus

CNN-IBN

New Delhi: The Supreme Court has given permission to the Securities and Exchange Board of India (SEBI) to interrogate Satyam Computer Services Ltd founder Ramalinga Raju and his brother Rama Raju in connection with the accounting fraud in the IT giant.

The interrogation will be carried out by SEBI General Manager A Sunil Kumar on February 4, 5 and 6.

Raju had resigned as the chairman of Satyam board after admitting to Rs 7,800-crore fraud in the IT company.

Solicitor General GE Vahanvati had submitted the request before a bench headed by Chief Justice KG Balakrishnan on Monday on behalf of SEBI.

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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