I-T dept to quiz Raju, bail plea dismissed

Dismissing the bail petitions of Raju brothers and V Srinivas, a local court in Hyderabad granted permission to the I-T department to examine and record the statement of B Ramaling Raju in the Rs 7,800 crore (Rs 78 billion) Satyam fraud case.

The 6th Additional Chief Metropolitan Magistrate, which dismissed the bail petitions, also allowed market regulator SEBI to quiz Pricewaterhouse auditors S Gopalakrishnan and T Srinivas, who audited the Satyam's accounts, on
Thursday between 10.30 am and 4.30 pm in the Chanchalguda jail.

Satyam founder B Ramalinga Raju, who has already been questioned by SEBI, would be interrogated by the I-T department on February 21.

It is for the second time that the court is dismissing the bail petitions of Raju brothers and V Srinivas who are in judicial remand till February 21.

Their

bail petitions were earlier rejected last month. The court also modified its earlier order and granted permission to SEBI to interrogate Satyam's former CFO V Srinivas on February 20 instead of today.

The SEBI lawyer, who came about one-and-a half hours late to the court after the court passed the orders, filed a memo and urged the court to modify the order to examine Srinivas as the team of officials are yet to come from Mumbai.