The Securities Exchanges Board of India will file an application with the Andhra Pradesh High Court seeking its permission to question Satyam Computer Services Limited founder B Ramalinga Raju, his brother B Rama Raju and former chief financial officer Srinivas Vadlamani.
Sebi standing counsel Pradhyumna Kumar Reddy said it would file the application as the investigation was being hampered as Sebi was yet to record the statements from the trio.
The metropolitan magistrate yesterday rejected the application citing non maintainable grounds and jurisdiction reasons. The lower court's rejection implied that a third party investigating agency would not be allowed to question the accused during the judicial custody, which now has been extended till January 31.
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