SEBI to question Raju brothers today

Supreme Court has allowed market regulator SEBI to interrogate Satyam founder Ramalinga Raju, ending more than three weeks of wait to access the kingpin of the accounting fraud in the IT Company. SEBI would be probing if there was any insider trading angle to the fraud since Raju had disclosed falsifying profits for years which would have helped inflate share prices. SEBI is expected to start interrogation on Wednesday. Satyam board meet begins Amid a crowd of suitors lining up for acquiring Satyam Computer Services, the board of the beleaguered IT firm started its meeting in Hyderabad on Wednesday. The board in the two-day meeting will consider the acquisition proposals from suitors, including B K Modi's Spice Corp and engineering major Larsen and Toubro. A company spokesperson said the meeting has started but did not divulge the agenda. According to sources, the board will scrutinise the proposal that has so far come to it and may refer them to its investment bankers Goldman Sachs and Avendus for further examination.

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