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| SEBI probe into Satyam fraud on |
| Amid speculation on whether Satyam's disgraced founder Ramalinga Raju would keep his date with SEBI investigating team this evening,
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| INDIA
, 10-January-2009
7:30:15 AM |
| Amid speculation on whether Satyam's disgraced founder Ramalinga Raju would keep his date with SEBI investigating team this evening, the regulator said the brief to its team to probe the Rs 7,800 crore accounting fraud was very clear.
Satyam: The truth at last!
The Andhra Pradesh police, which arrested Raju and his brother Rama Raju on different charges including forgery and cheating last night, said that the SEBI team would have to file a request with the Economic Offences Court to interrogate the two.
Ramalinga Raju, brother arrested
"We will seek police custody of Raju and Rama Raju... SEBI has to file a request with the Economic Offences Court to interrogate them," the Additional DG-CID, A. Sivanarayana, said in Hyderabad.
No Satyam Board meeting on Saturday: Minister
"We have given the investigation team a brief on Satyam as required," the SEBI Chairman, C.B. Bhave, told PTI over telephone, when asked if the investigating team would also get details from the RBI, which is reported to have asked various banks including Citi for credit details of Satyam.
Satyam out of 'DJ India Titans 30 Index'
On whether the investigating team that reached Hyderabad on Thursday would question Raju this evening as stated by his lawyer Bharat Kumar, Bhave said that he was not tracking the development minute-by-minute.
BJP demands prime minister's assurance on Satyam
The SEBI team had gone to Raju's house yesterday and had separately issued summons to him. But Bharat Kumar appeared before the team instead of Raju and later told reporters that the Satyam founder would appear before SEBI at 1600 hrs on Saturday
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