Mr Sathavahana Vaddaram MARLA, MNAEA

A tribunal of Propertymark Limited was convened on 27th February 2025 to consider the case against Mr Sathavahana Vaddaram, Director of Spericle Ltd t/a Properties on the Market.

The panel members were Mr Neville Pedersen FNAEA (Honoured) (member panellist acting as the Chairperson for the Tribunal); Mr George Close (lay panellist); and Mr Steven Shaw (lay panellist).

The presenting Case Officer for Propertymark was Miss Farrah Gibson.

Mr Vaddaram attended the hearing via Zoom along with his PA Ms Cyktor. The Hearing took place in private and was recorded.

Allegations

The Tribunal considered the allegations set out in the case summary sent to Mr Vaddaram.

It was alleged that Mr Vaddaram had acted in contravention of the requirements of the following Propertymark Conduct and Membership Rules.

  • Conduct rule 13: General duty to uphold high standards of ethical and professional behaviour
  • Conduct rule 14: Duty to assist in disciplinary proceedings

Decisions

After consideration of the evidence presented and submissions by the parties, the Tribunal announced the following findings:

  • Conduct rule 13: Proven
  • Conduct rule 14: Not proven

Sanctions

  • Conduct rule 13: £500

Additionally, the costs of this Hearing of £541.59 were imposed against Mr Vaddaram in favour of Propertymark.

Closing Statement

The Tribunal made the following statement:

'The tribunal thanks Mr Vaddaram and Ms Cyktor for attending today’s hearing via Zoom, your attendance assisted greatly.

The tribunal considered the statements of the judge in the employment tribunal findings which ultimately brought Propertymark into disrepute.'

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