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Seminole Red

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Re: BoricuaV post# 435

Wednesday, 12/16/2009 12:28:48 PM

Wednesday, December 16, 2009 12:28:48 PM

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India has urged the U.S. Securities and Exchange Commission not to impose a fine on Satyam Computer Services Ltd. (SAY), now renamed Mahindra Satyam, the Press Trust of India reported Tuesday, citing Minister of State for Corporate Affairs Salman Khurshid.

"We have urged the Securities Exchange Commission that there should be no penalties imposed on Satyam as it will ultimately fall on the shareholders," the PTI quoted Khurshid as saying.

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