Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)
 Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose
 Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More
 Government proposes to ease tax relief conditions for offshore funds
 TallyPrime Connected Banking: Automating Banking and Accounting
 ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update
 ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide
 Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers
 Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It
 ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes
 Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs

Central agencies want to question Rajus
February, 10th 2009

All the Central investigating agencies have now swung into action by petitioning a city court to grant them permission to question in jail the accused in the Satyam fraud.

The Income-Tax Department on Monday petitioned the court to allow it to interrogate the former chairman of Satyam Computer Services, B. Ramalinga Raju, alone. The Securities and Exchange Board of India (SEBI) again moved the court with a similar appeal.

This time SEBI wants to question the former Chief Financial Officer, Srinivas Vadlamani, and Price Waterhouse auditors S. Gopalakrishnan and Talluri Srinivas. It was only last week did SEBI interrogate Mr. Ramalinga Raju and his brother Rama Raju in jail following the orders of the Supreme Court.

The Sixth Additional Chief Metropolitan Magistrate, D. Ramakrishna, posted the requests of the Income-Tax Department and SEBI for hearing on Friday. He will also hear that day another petition by a consumer activist C.V.L. Narasimha Rao seeking to assist the prosecution since the interests of lakhs of shareholders were involved.

The request of the Serious Fraud Investigation Office to interrogate the Raju brothers, Mr. Vadlamani and the auditors has already been posted for hearing in the same court on Tuesday, when the bail pleas of the auditors would also be taken up.

Sources said a meeting of the Committee of Secretaries constituted to go into issues emerging from the Satyam fraud would be held in New Delhi on Tuesday.

A team of senior officials of the Ministry of Home arrived here reportedly to iron out differences between the Central investigating agencies and the Crime Investigation Department of the Andhra Pradesh police in the matter of access to records of Satyam in the latters possession.

The officials were said to have been sent here following complaints by the Central agencies that they were denied access to nearly 200 trunkloads of records and some computers seized by the CID during searches in Satyam offices and residences of the companys former bosses.

The sources said investigation by the I-T Department revealed that the Satyam promoters planned tax payment in such a way that only a few crore rupees of security transaction tax was paid over the sale of hundreds of crores of shares. The liability on capital gains was also kept to the minimum.

The promoter-directors sold their shares through intermediaries over a period so as not to create panic in the market. They did this to reduce their share holding in Satyam with lesser risk.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting