![Does a Chairman’s statement expressing interest in acquiring another company amount to fraud? SAT answers](http://media.assettype.com/barandbench%2Fimport%2F2019%2F03%2FSAT-Securities-Appellate-Tribunal.jpg?w=480&auto=format%2Ccompress&fit=max)
While overruling an order passed by the Adjudicating Officer (AO) of the Securities and Exchange Board of India (SEBI), the Securities Appellate Tribunal (SAT) has found that a substantial movement in the prices of a profitable company cannot be attributed to a news report alone.