SEBI Orders Probe into Satyam

The Securities and Exchange Board of India (SEBI) has ordered an investigation into Indian IT services provider Satyam Computer today following disclosures of massive accounting fraud by the company.

SEBI said it had ordered an investigation into the affairs relating to buying, selling or dealing in the shares of Satyam Computer and will also ascertain whether any provision of the SEBI Act or SEBI Regulations/Rules has been violated.
 
As a first step in the investigation, SEBI has ordered inspection of the Satyam Computer in accordance with the provisions of the SEBI Act.

SEBI has named its General Manager Sunil Kumar as the Investigating Authority to investigate into the affairs relating to buying,
selling or dealing in the shares of Satyam Computer and submit a report to the Board at the earliest.

Related Stories:
Satyam gets 3 New Directors
Indian Outsourcing Crook Ramalinga Raju Arrested
Satyam Board Kicked Out, Hooray
Ram Mynampati Vows to Stay at Satyam; Kick Him Out
Trading in Satyam Still Halted on NYSE
We are Big Time Crooks, Confesses Satyam
53,000 Satyam Coolies Up Shit Creek; Massive Layoffs Likely
Satyam Makes Another Big Mistake – Names Insider Ram Mynampati Interim CEO
Crook Raju Wipes Out Rs 10,000 Crore in Market Cap
Satyam – The Perils of Outsourcing
End of the Road for Satyam Computer
Satyam Chairman Ramalinga Raju’s Arrest Imminent
Satyam Shares Crash After Massive Fraud Revealed
Are Infosys, Wipro & Mindtree Crooks Too?
Satyam Fraud – Is Nasscom Sleeping?
After the Shit Hits the Fan, Satyam Kisses Employees Ass
What the Hell is Really Happening at Satyam?
Investors To Satyam Raju – Drop Dead
Satyam Computer Screwed in Forgery Case

You must be logged in to post a comment Login