SAT Seeks Fresh Sebi Or­der Against 6 Cos in Satyam Case

The Economic Times - - Companies: Pursuit Of Profit -

In the decade-old Satyam case, the SAT on Fri­day asked Sebi to pass a fresh or­der on fines against six en­ti­ties in­clud­ing rel­a­tives of the erst­while IT firm's founder B Ra­ma­linga Raju, even as it up­held the reg­u­la­tor's de­ci­sion that they vi­o­lated in­sider trad­ing norms. They will re­main barred from the se­cu­ri­ties mar­kets till a fresh or­der is passed by Sebi, for which it has been given four months time by the tri­bunal. In a ma­jor­ity or­der, the tri­bunal “quashed and set aside” the Sebi or­der against B Jhansi Rani, wife of Ra­ma­linga Raju's brother Surya­narayana.


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