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SEBI order in 14-year-old Satyam scam case set aside by SAT
short by Ashley Paul / on Thursday, 2 February, 2023
Securities Appellate Tribunal (SAT) has set aside market regulator SEBI's order barring Satyam Computer's B Ramalinga Raju, B Rama Raju and others from securities market for up to 14 years. SAT has asked SEBI to pass a fresh order in the 14-year-old Satyam case. Ramalinga and Rama had falsified the firm's financial statements and made illegal gains via insider trading.
read more at Outlook India