Srinivas Talluri

4 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Common SEBI WTM order challenged; firms using the Price Waterhouse banner barred from issuing specified audit or compliance certificates for two years.
S. Gopalakrishnan and Srinivas Talluri barred from issuing audit or compliance certificates for listed companies for three years.
Gopalakrishnan, Talluri and Price Waterhouse Bangalore directed jointly and severally to disgorge Rs. 13,09,01,664 with 12% annual interest from 7 January 2009 until payment.
Listed companies and SEBI-registered intermediaries barred from engaging Price Waterhouse network audit firms for specified certificates for two years.
PW firms shall not issue audit / compliance certificates for listed companies and SEBI intermediaries for 2 years

SAT-appeal

Alleged connivance, acquiescence, aiding and abetting of large-scale falsification and manipulation of Satyam Computer Services Ltd.'s financial statements through negligent and reckless auditing, disseminating false data to the securities market.
Common SEBI WTM order challenged; firms using the Price Waterhouse banner barred from issuing specified audit or compliance certificates for two years. · S. Gopalakrishnan and Srinivas Talluri barred from issuing audit or compliance certificates for listed companies for three years.
Appeal: Appeal Nos. 6 of 2018, 7 of 2018, 190 of 2018 and 191 of 2018 heard together; SAT order reserved 4 April 2019 and decision dated 9 September 2019. Disposal outcome is not included in the provided text.
Statutory auditors connived / gross negligence in certifying falsified Satyam financials with inflated cash, FDs, revenues and debtors, violating fraud provisions.
PW firms shall not issue audit / compliance certificates for listed companies and SEBI intermediaries for 2 years · S. Gopalakrishnan and Srinivas Talluri shall not issue audit / compliance certificates for listed companies for 3 years
Appeal: Appeal Nos 6, 7, 190 and 191 of 2018 clubbed for common order; reserved on 04.04.2019, decided on 09.09.2019
Statutory auditors allegedly connived/negligent in certifying falsified Satyam accounts with inflated bank/FD balances, revenues, debtors and interest as true and fair.
PW brand CA firms barred 2 years from issuing audit/compliance certificates for listed companies/SEBI intermediaries · S. Gopalakrishnan and Srinivas Talluri barred 3 years from issuing audit/compliance certificates for listed companies
Statutory auditors of Satyam (SCSL) allegedly connived / grossly negligent over 8 years, certifying false inflated financials without verification, aiding fraud under PFUTP.
PW brand CA firms shall not issue audit/compliance certificates for listed cos/intermediaries for 2 years · S. Gopalakrishnan and Srinivas Talluri shall not issue audit/compliance certificates for listed cos for 3 years
Appeal: Appeal Nos. 6, 7, 190 and 191 of 2018 decided 09.09.2019 (reserved 04.04.2019) against common WTM order

Analyse these matters in Ontology · Plans

Source: SecMarx — Srinivas Talluri. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.