The Security and Exchange Board of India (SEBI) on Monday moved to the Supreme Court seeking permission to interrogate the Satyam brothers - former Chairman B Ramalinga Raju and former Chief Executive Officer B Rama Raju.
Solicitor General G E Vahanvati submitted the request before a bench on behalf of SEBI to allow it to interrogate the Raju brothers for their doubtful roles in Rs.7,800-crore financial scam unearthed on January 07, 2009. The apex court has posted the hearing date for Tuesday.
Earlier on January 30, the market watchdog had approached the Andhra Pradesh High Court after getting denial from a lower court. The High Court, however, had deferred the hearing to February 9.
Meanwhile, the stock of Satyam was bullish on the bourses last week and surged to Rs.54.05 on Friday at the closing time, while today keeping its last movement the Satyam shares were up 6.57% at Rs.57.60. However, it is still running five times low after the scam came to light.
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