Sebi bars Securekloud Technologies, 3 persons from securities markets

Sebi has barred Securekloud Technologies Ltd and three individuals from the securities market for alleged manipulation of financial statements as well as siphoning off funds of the company.

The three individuals -- Suresh Venkatachari, R S Ramani and Gurumurthi Jayaraman -- have also been restrained from associating themselves with any Sebi-registered intermediary till further orders.

Further, they have been barred from acting as directors or key managerial personnel of any listed public company or as promoters of any public company which intends to raise money from the public, according to a 76-page order passed by Sebi.

Sebi started a probe pursuant to certain