SC allows SEBI to interrogate Raju Brothers
On Tuesday, the Supreme Court has given permission to the Securities and Exchange Board of India (SEBI) to interrogate Ramalinga Raju and his bother Rama Raju in connection with the fraud in Satyam Computers.
This is the major development so far in the case. The SEBI Genernal Manger A Sunil Kumar to carry out the interrogation on February 4, 5 and 6. It is expected that more and more information over the fraud would be revealed from the expected interrogation.
The employees and investors of the scam hit company suffered huge loss as the stock of the Satyam had recorded low price in wake of the fraud. Once the price of stock fell by around 80 per cent.
However, the appointed six directors of the company by the government of India has been working to bring back the company on track. The board will soon appoint CEO and CFO for the scam hit Satyam Computers.
This is the major development so far in the case. The SEBI Genernal Manger A Sunil Kumar to carry out the interrogation on February 4, 5 and 6. It is expected that more and more information over the fraud would be revealed from the expected interrogation.
The employees and investors of the scam hit company suffered huge loss as the stock of the Satyam had recorded low price in wake of the fraud. Once the price of stock fell by around 80 per cent.
However, the appointed six directors of the company by the government of India has been working to bring back the company on track. The board will soon appoint CEO and CFO for the scam hit Satyam Computers.
posted by Neel @ 8:07 PM
0 Comments
0 Comments:
Post a Comment
<< Home