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SEBI's plea to quiz Raju deferred

india Updated: Jan 16, 2009 17:36 IST
SEBI plea to quiz Ramalinga Raju deferred

The plea by market regulator Securities and Exchanges Board of India to question Ramalinga Raju, the disgraced former chairman of Satyam Computer Services, was deferred to Monday by a court in Hyderabad on Friday.

The police plea to extend the stay of Ramalinga Raju, his brother and Satyam's former managing director Rama Raju and former chief financial officer Srinivas Vadlamani will be taken up in court later Friday.

SEBI officials want to follow up on Ramalinga Raju's startling confession on Jan 7 that he had overstated the company's financial position by Rs.70 billion ($1.43 billion).