Goldman Sachs receives relief in offshore derivatives case
International investment banker Goldman Sachs on Thursday received a major relief over issuance of offshore derivatives instruments with appellate body SAT reversing market regulator Sebi's order. Securities Appellate Tribunal (SAT) in its ruling in the Goldman Sachs case not only deprecated the conduct of the adjudicating officer of Sebi but also directed the regulator to pay Rs 1 lakh to the investment banker as cost of litigation.
