This latest SEBI order only dealt with the controversy of what should be the exact amount of illegitimate gains to be disgorged by the promoters. A fixed methodology or regulations to calculate unlawful gains may be the need of the hour.
The scam at Satyam Computer Services came to light on January 7, 2009, when Ramalinga Raju, then the company s Chairman, admitted to manipulating the company s accounts. Sebi s probe also revealed that the individuals traded in the company s shares during the period from January 2001 to December 2008 when in possession of unpublished price sensitive information about the firm s adverse financial position.