Raju, who has been untraceable since his sent in his resignation on Wednesday, is believed to be at his farmhouse at Kompally on the outskirts of Hyderabad.

While there was no confirmation from police regarding his whereabouts, police officers said they had no orders yet to arrest him.

Sebi has summoned Raju at his corporate office at 4.30 pm, Raju's lawyer, Bharat Kumar, said. While Kumar said ‘I will be there’, he did not specify whether Raju too would be present in his corporate office to meet the Sebi officials.

A while ago, a Sebi team probing a financial fraud in Satyam Computer reached Ramalinga Raju's house in Hyderabad, but returned as the premises was locked.

The SEBI team had first gone to Satyam office in Hyderabad on Thursday in connection with a probe ordered by the market regulator a day before.

The probe follows Satyam's founder and former Chairman Ramalinga Raju disclosing on Wednesday financial irregularities to the tune of about Rs 7,800 crore at the company, after which he resigned.

Satyam withholds salaries for two months; layoffs feared

Satyam Computer announced holding back employees salaries for two months, even as rumours were rife that the company might lay off close to 15,000 workers in the coming days.

The offices of Satyam Computer were rife today with the talks about forthcoming pink-slips at the company, which needs over Rs 500 crore every month just to meet its staff costs and has admitted that its cash position was not encouraging.

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