MUMBAI, Jan 7 (Reuters) - India's markets regulator said on Wednesday it has ordered an investigation into Satyam Computer Services after the outsourcer's chairman said profits had been falsely inflated profits and resigned.
The Securities and Exchange Board of India said in a statement it has ordered an investigation into affairs relating to buying, selling and dealing in the company's shares.
It would also examine whether its regulations had been breached.
(Reporting by Prashant Mehra; Editing by John Mair) Keywords: SATYAM/SEBI PROBE (prashant.mehra@thomsonreuters.com; +91 22 6636 9029; Reuters Messaging: prashant.mehra.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The Securities and Exchange Board of India said in a statement it has ordered an investigation into affairs relating to buying, selling and dealing in the company's shares.
It would also examine whether its regulations had been breached.
(Reporting by Prashant Mehra; Editing by John Mair) Keywords: SATYAM/SEBI PROBE (prashant.mehra@thomsonreuters.com; +91 22 6636 9029; Reuters Messaging: prashant.mehra.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
