A Securities and Exchange Board of India (Sebi) team probing a financial fraud in Satyam Computer today reached founder Ramaling Raju's house here, but returned as the premises was locked.
Sources said the team, was also expected to go to Satyam headquarters again, and a notice has been issued from Sebi's Mumbai office asking Raju to appear before it.
The Sebi team had first gone to Satyam office here yesterday in connection with a probe ordered by the market regulator a day before.
The probe follows Satyam's founder and chairman Ramalinga Raju disclosing on Wednesday financial irregularities to the tune of about Rs 7,800 crore at the company, after which he resigned.
There have been speculations about the whereabouts of Raju, but his lawyer yesterday said that Satyam founder was very much in Hyderabad. There are also speculations that Raju might be at a guesthouse on the outskirts of the city.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
