KhbarExpresswww.khabarexpress.com

Post Your Property free

Welcome Guest Sign In New user! Sign Up Now

UniqueIdea.net Softwares SMS Jokes Poems Story Time Pass Facts

Search Photo  
RSS Wednesday, February 15, 2012


Supreme Court permits SEBI to interrogate Ramalinga Raju
3 Feb 2009, 1504 Hrs

Add comment          Mail          Print          Write to Editor


New Delhi, Feb 3 The Supreme Court on Tuesday permitted the Securities and Exchange Board of India (SEBI) to grill Ramalinga Raju, former chief of embattled Satyam Computer Services Limited and his brother, Rama Raju.

Both will be interrogated by SEBI's investigator, Sunil Kumar at the Hyderabad jail over 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. (ANI)




Discuss this story on KhabarExpress Forum  

More News: Ramalinga Raju Satya Satya Saga SEBI

Pelagian Dictionary

Court
permits
SEBI
interrogate
Ramalinga
Raju


Comments to this News

Be the first to comment on this News


 
Post Your Comments to this News
 Posting Rules
 
  Name: Email:
 

Top Story of The Day
Latest Articles

Jain Calendar Launched at Terapanth Bhawan, Gangasahar



Jimmy shergil


Education Special

All right reserved by Khabarexpress.com
Contact Us | Archives | Sitemap | Can't see Hindi ? | News Ticker
Special Edition: Lakshchandi Mahayagya, Camel Festival 2007, Vartmaan Sahitya, Nagar Ek - Nazaare Anek, Bikaner Udyog Craft Mela
Our Network rajb2b.com | khabarexpress.com | uniqueidea.net | PelagianDictionary.com | hindinotes.com
Developed & Designed by Pelagian Softwares