Market regulator Securities and Exchange Board of India (SEBI) has asked six entities, including former promoters of Satyam Computer Services Ltd (Satyam), to disgorge unlawful gains of Rs624 crore with an interest of 12%pa (per annum) for about 15 years, taking the total amount to over Rs1,747 crore.
SC Dismisses ED Petition for Attachment of Satyam Computer s FDs Worth Rs822 Crore
Moneylife Digital Team
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The Supreme Court (SC) has dismissed a special leave petition (SLP) filed by the enforcement directorate (ED) for attaching fixed deposits (FDs) worth Rs822 crore of erstwhile Satyam Computer Services Ltd.
In a regulatory filing, Tech Mahindra Ltd, who took over Satyam Computer Services in 2012, says, The SC vide order dated 26 February 2021 has dismissed the SLP filed by the Directorate of Enforcement, Hyderabad, for provisional attachment of fixed deposits aggregating to Rs822 crore pursuant to Section 5(1) of Prevention of Money Laundering Act (PMLA), 2002, of erstwhile Satyam Computer Services.