New Delhi: Market regulator SEBI, which is looking into the Satyam case will have to wait for at least another four days before it's allowed to interrogate the Rajus.
In Hyderabad, where Satyam is headquartered, Additional Chief Metropolitan Magistrate D Ramakrishna adjourned to Friday the hearing on at least three cases, including bail petitions by the firm's erstwhile top brass which includes former chairman B Ramalinga Raju in the Rs 7000 crore fraud.
"There was a plea with the court seeking time to file our response to the application filed by SEBI. The judge has granted time and put up all the matter for hearing on January 16," Raju's lawyer Bharat Kumar said.
The Hyderabad court also adjourned the hearing on the petition of the Crime Investigation Department (CID) seeking their custody and another moved by the Securities and Exchange Board of India (SEBI) to question them for the massive fraud.
The petition has been adjourned till January 16.
A battalion of 25 lawyers is defending the accused, his brother and former managing director B Rama Raju, and former chief financial officer Vadlamani Srinivas.
All three have been remanded to judicial custody till January 23.
They have been kept at Chanchalguda Central Jail in Hyderabad, where Vadlamani is believed to have confessed to the police. He has said that he was asked specifically not to look into the fixed deposits.
Vadlamani has also blamed the auditors of Pricewaterhouse Coopers for the mess.
Meanwhile, in a strange coincidence, lawyers at the court decided to strike work and the police was called to lathicharge them.
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