Tribunal Quashes 2-Year Sebi Ban On PwC In Satyam Scam

In a major setback to Sebi (Securities and Exchange Board of India), SAT on Monday overturned the markets regulator's order banning PriceWaterhouse Coopers from auditing any listed company for two years for its role in the Rs 7,800-crore Satyam scam. However, Securities Appellate Tribunal or SAT partly allowed disgorgement of the Rs 13 crore fee from the auditor. The scam saw the company Ramalinga Raju-promoted company going belly up...