Counsels of the Securities and Exchange Board of India (Sebi) today alleged that their investigations into the Satyam scandal were being hampered.
The regulatory authority is finding it difficult to obtain a court order each time it wants to question the Raju brothers, they said.
Three petitions -- Sebi seeking deposition of Ramalinga Raju, CID seeking his custody, and a bail petition of Raju -- will come up for hearing tomorrow. Ramalinga Raju's lawyer S Bharath Kumar reportedly told that they were opposing Sebi's petition seeking Raju's deposition.
Despite several attempts Bharath Kumar could not be reached for his comments. Sebi officials, too, were not reachable.
Satyam board to meet on Saturday...
Image: Bharat Kumar, lawyer of Ramalinga Raju, speaks to the media outside Satyam's head office in Hyderabad. | Photograph: Krishnendu Halder/Reuters
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