Thursday, August 14, 2008

SEBI MOVES SC AGAINST SAT RELIEF TO G SACHS

SEBI imposed a penalty on Goldman Sachs for not- disclosing issue of offshore derivatives to an Overseas Corporate Body (OCB), which was challenged before the Securities Appellate Tribunal.
The quasi-judicial body quashed the penal order and imposed a fine of Rs. one Lakh on SEBI.

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