News on satyam

Govt stops Satyam ex-officials from selling stock

NEW DELHI (Reuters) - The government has restrained sales of Satyam Computer Service Ltd shares by former top officials and directors being investigated as part of the probe into a massive fraud at the software firm, a minister said.

Those covered include Satyam's former chairman, managing director, finance chief and company secretary, Corporate Affairs Minister Prem Chand Gupta said on Wednesday.

"They shall not alienate, charge, mortgage or sell any of their shares, securities and fixed assets without the leave of the Company Law Board," he said.