A local court on Friday posted to January 19 hearing on a petition by market regulator SEBI seeking permission to question Satyam Computer's former Chairman Ramalinga Raju and two others.
A local court on Friday posted to January 19 hearing on a petition by market regulator SEBI seeking permission to question Satyam Computer's former Chairman Ramalinga Raju and two others.
The petition was filed before a magistrate court here seeking permission for interrogating Raju, his brother Rama Raju and Satyam's former CFO Vadlamani Srinivas while they are in judicial custody.
Raju's lawyer had earlier sought a day's time to file a counter petition, following which the court posted the matter for hearing today. However, it has now been posted for hearing on January 19.
Priority to protect Satyam employees, investors: Das
A day before the second meeting of the new Satyam Computer Services board, newly-appointed director Tarun Das said the priority of the six-member team would be to protect the interest of employees, customers and investors.
"Our collective endeavour is to help find solutions to extremely difficult challenges facing the company and the priority is, as other board members have said, to safeguard the interest of employees, customers and investors," CII Chief Mentor said after being appointed on the troubled IT firm's board.
Das said he has accepted "'he request' to serve on the government-nominated board of Satyam 'in a spirit of public service'.
The board, which held its first meeting on January 11, would be meeting tomorrow for the second time after the government appointed it to salvage the company from the impact of about Rs 7,800-crore fraud.
Besides Das, HDFC chairman Deepak Parekh, Nasscom past president Kiran Karnik and past presiding officer of the Securities Appellate Tribunal C Achuthan are the new members of the expanded board.
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
