Outcome of Sebi's probe into Satyam audit firm soon

Company's founder and chairman B Ramalingaraju was handed down a seven-year jail sentence

The Securities and Exchanges Board of India (Sebi) is soon expected to take action against the statutory auditors of scam-hit Satyam Computer Services for their role in the Rs 7,000-crore accounting fraud committed by the promoters between 1999 and 2009.
 
In January, the market regulator was directed by the Supreme Court to conclude the matter by July this year. It was widely speculated that Sebi may bar audit firm PriceWaterhouse and its partners from dealing with any listed entity for a specified period.
 
On April 9, 2015 a Hyderabad trial court had convicted all the 10 accused in