21 January,2009 08:19 PM IST | | PTI
Capital market regulator SEBI today said it was finding it difficult to ascertain the size of fraud in Satyam Computer, as it has not been able to interrogate company founder Ramalinga Raju.
However, it has quizzed the IT company's auditors and internal finance department staffers and reviewed details of Satyam's bank deposits, SEBI Chairman C B Bhave told reporters here.
A SEBI team landed in Hyderabad on January 8, a day after Raju disclosed cooking the books of Satyam by falsifying profits and lying about bank deposits.
According to Raju's disclosure, the fraud is to the tune of Rs 7,800 crore. Raju, who had also pledged nearly all his shares in the company, has been arrested and is in police custody - making it difficult for the SEBI team to access him.
ALSO READ
Zeenat Aman says gold guineas given by Raj Kapoor were stolen
Zeenat Aman recalls story behind bagging role in Satyam Shivam Sundaram
'Satyamev Jayate': Satyendar Jain, AAP as court grants him bail
'Satyamev Jayate': AAP as Satyendar Jain gets bail
'Satyamev Jayate': AAP after SC grants bail to Kejriwal
Bhave said promoters must disclose pledged shares twice - both event-based disclosures and periodic disclosures. He also said the regulator will make necessary changes in listing norms.u00a0
Also read
Satyam gets 40 applicants for CEO post: Parekh
Satyam Board to meet tomorrow, to tie up fund
Satyam scam story sold for USD 499!
