The Supreme Court on Tuesday allowed capital market regulator the Securities and Exchange Board of India (SEBI) to question the Raju brothers – Ramalinga and Rama – promoters of the fraud-ridden Satyam Computer Services. SEBI’s investigator Sunil Kumar will interrogate the siblings in the jail premises in Hyderabad over the next three days.
The market watchdog had approached the apex court for permission to question the duo, after the trial court repeatedly denied permission to question them. Ramalinga Raju, founder and ex-chairman of Satyam in early January, had confessed to accounting fraud of over Rs 7,000 crore and subsequently resigned from the company’s board.