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Language , Updated: Aug 9, 2022, 1:57 PM
New Delhi, Aug 9 (PTI) The Securities and Exchange Board of India (SEBI) has barred SecureCloud Technologies Ltd and 3 people from the securities marketplace for alleged falsification of monetary statements. The marketplace regulator has barred Suresh Venkatachari, RS Ramani and Gurumurthy Jayaraman from associating with any SEBI registered entity or corporate until additional orders. According to the 76-page order handed via SEBI, the 3 people are additionally prohibited from performing as administrators or promoters of any indexed public corporate intending to lift finances.
The marketplace regulator has barred Suresh Venkatachari, RS Ramani and Gurumurthy Jayaraman from associating with any SEBI registered entity or corporate until additional orders.
According to the 76-page order handed via Sebi, the 3 individuals have additionally been barred from performing as administrators or promoters of any indexed public corporate intending to lift finances.
SEBI had initiated a probe after some lawsuits corresponding to irregularities via the promoters and control of the corporate and resignation of its statutory auditor, Deloitte Haskins & Sales.
The regulator initiated investigation towards the corporate for the monetary 12 months 2017-18 to 2020-21 and located falsification of monetary statements or knowledge all through this era.
Ashwani Bhatia, Whole Time Member, SEBI, in an order issued on Thursday mentioned, “Prima facie, the books of the company show large scale discrepancy. Is.”
