SEBI Legal Team gets the job done Pyramid banned for 7 yearsNovember 11 2009
The Securities and Exchange Board of India did not accept J.Sagar Partner, Somasekhar Sundaresan's argument on behalf of Pyramid Saimira Theater. It now faces a 7 year ban from dealing in securities or accessing the securities market, directly or indirectly. Earlier, masterminds Nirmal Kotecha and P.S. Saminathan too were banned from accessing the securities market.
Securities and Exchange Board of India (SEBI) has banned Pyramid Saimira Theater (PST) is from dealing in securities or accessing the securities market, directly or indirectly, for a period of 7 . . .
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