Wednesday, 16 July 2014

Verdict in Satyam's case: SEBI bars 'Ramalinga Raju' from accessing securities market for 14 long ye

SEBI : Ramalinga Raju and others individually as well as acting in concert falsified books of account and mis-stated financials of Satyam Computers and, thus, portrayed a false picture of its published quarterly/annual results; they also provided false CEO/CFO certification, made various announcements and issued advertisements/press releases on basis of falsified and mis-stated financial position of company and indulged in insider trading on basis of unpublished price sensitive information (UPSI


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