AgenciesNew Delhi: The Supreme Court on Tuesday permitted the Securities and Exchange Board of India (SEBI) to interrogate former Satyam chief Ramalinga Raju and his brother Rama Raju.
SEBI's Sunil Kumar will grill both brothers at Hyderabad jail for the next three days.
On Monday, Goolam E. Vahanvati, Solicitor General and also Counsel for SEBI, submitted the request before a Bench headed by Chief Justice K G Balakrishnan.
On January 31, a judge of a trial court in Hyderabad had adjourned to February 9, the hearing of petition of the SEBI to interrogate Ramalinga Raju.
The court said it would not pass an order without hearing from Raju and his brother.
On January 7, Ramalinga Raju confessed to fraudulent manipulation to the tune of rupees 7,136 crores over several years by inflating the company's profits and assets.
Although the Satyam scandal, India's biggest corporate fraud, has shattered global confidence in India's corporate governance, the other IT companies have assured the rest of the world that all relevant services are professionally and ethically in order and as such there should be no room for any doubt about the professional integrity of Indian companies.
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