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Exclusive: SEBI looking into Satyam's ISB links
Published on Wed, Jan 07, 2009 at 00:39, Updated on Wed, Jan 07, 2009 at 16:19 in 
Tags: WHAT BUSINESS? SEBI is probing Satyam's contribution to ISB is a violation of corporate governance norms.
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New Delhi: Market regulator SEBI is examining another possible violation of corporate governance norms by IT giant Satyam, sources tell Network 18.
Satyam Chairman B Ramalinga Raju is on the executive board of the Indian School of Business and has been making donations and contributions over time to the premier business school.
Sources say SEBI is probing if it is a violation of corporate governance norms in 'spirit'.
ISB Dean M Rammohan Rao was an independent director on the Satyam Board and chaired the controversial board meeting on Maytas Buyout. Rao quit the board two weeks ago.
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Isn't ISB is also founded by this Raju? I think a lot was spent on marketing this scam.....
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