SEBI partially modifies order in Satyam Scam, gives relief to three officialsOctober 18 2018
The Securities Exchange Board of India (SEBI) on Tuesday, partially modified its order in the Satyam Scam, on the limited points of disgorgement of illegal gains and period of debarment from securities market against three officials.
In 2014, SEBI had passed an order against the three officials and promoters/directors of Satyam under provisions of SEBI Act, SEBI (PFUTP) Regulations and SEBI (PIT) Regulations. Along with the promoters of Satyam (Ramalinga Raju and Rama Raju), three other persons, Vadlamani Srinivas (ex CFO), G Ramakrishna (ex V P Finance) and . . .
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