The SEC has been investigating the admitted financial fraud at India’s Satyam since January 2009, when chairman and CEO B. Ramalinga Raju suddenly resigned after confessed to an ongoing fraud that was “like riding a tiger, not knowing when to get off without being eaten.” Now, however, India’s securities regulator has asked the SEC not to take any action against Satyam. Full details are available in this post on my Enforcement Action blog over at Compliance Week.
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