Will Political Connection Save Satyam & Mr Raju?

SC has finally directed Andhra police to allow SEBI to question Ramlinga Raju. Andhra Police has been scuttling SEBI move to question Mr Raju for almost a month. Mr Raju’s deep connection with both the ruling class and opposition has given him enough time to avoid him falling into the hands of SEBI. Political clout has ensured Mr Raju a breather time, also he is under arrest on complaint filed by a shareholder. Mr Raju has been using this case to avoid falling into hands of central agencies. Andhra Police had raided and seized documents from Satyam’s office. No one really knows what is going to happen to the documents seized. Though, it would be really difficult for Rajus to destroy evidence of money siphoning between Satyam and other Raju owned firms.

Involvement of several Central agencies and state police has further complicated the issue. Several agencies, independent authorities and government ministries are looking into the case, which requires sharing of evidences. India is classic case of right hand not knowing left hand. Considering the fact that Mr Raju would use his political connections to prevent such evidences getting shared by different agencies, chances are there that some cases against him will be weaken in the court of law, the best place for our politicians and Mr Raju himself to absolve himself of some crimes. But, what is yet to be seen as how Mr Raju would evade the US watchdog – SEC.