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SEBI chief meets PM

business Updated: Jan 12, 2009 13:37 IST

SEBI Chairman CB Bhave on Monday met Prime Minister Manmohan Singh and is believed to have briefed him about the latest developments on scam-tainted Satyam, which is the subject of a probe by the market regulator. Bhave, however, could not be contacted immediately for comments on the deliberations he had with Singh.

The Securities and Exchange Board chairman, Bhave, had started a series of meetings in New Delhi from Saturday when he met Corporate Affairs Minister Prem Chand Gupta and his Secretary Anurag Goel.

The meeting comes in the wake of a coordinated probe by the Andhra Pradesh CID, SEBI, Serious Fraud Investigation Office (SFIO) and the Registrar of Companies. SEBI had also approached the court seeking permission to question the disgraced founder of Satyam, Ramalinga Raju, but the application was deferred till January 16 after Raju's lawyer sought time to file a counter petition.