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Satyam Scam: SEBI Asks Ramalinga Raju, Other Promoters To Disgorge Rs1,747 Crore, Including Interest

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.

Andhra pradeshTamil naduB suryanrayana rajuSuryanarayana rajuVadlamani srinivasB rama rajuB radha rajuB ramalinga rajuB nandini rajuRamalinga rajuRama rajuMahindra satyamAnanth narayanSupreme courtHigh courtVysya bank

Sebi asks Satyam promoters to repay 1,747 crore

India Business News: Sebi orders B Ramalinga Raju and associates to disgorge Rs 624.1 crore and interest of about Rs 1,123 crore in the Satyam case. The four entities mani

Ramalinga rajuB rama rajuRama rajuB suryanarayan rajuB ramalinga rajuSupreme courtSatyam computerBusiness newsSatyam promoters

Sebi: Satyam s Raju, 3 other entities told to pay Rs 622 crore plus interest

The regulator has also barred Ramalinga Raju and his brother B Rama Raju from the securities markets till June 14, 2028.

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Satyam scam: SEBI passes fresh order, lowers disgorgement amount to ₹624 crore

Satyam scam: SEBI passes fresh order, lowers disgorgement amount to ₹624 crore
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B ramalinga rajuB suryanarayana rajuB rama rajuSatyam computer servicesExchange board of indiaExchange boardVice presidentSecurities appellate tribunal

Satyam scam: SEBI passes order asking company s promoters to disgorge Rs 1,747 crore

The total amount that these entities need to pay is about Rs 1,747.5 crore assuming they pay it back by January 2024 when the deadline is set. This includes an interest amount of Rs 1123 crore for about 15 years.

B rama rajuAnanth narayanB ramalinga rajuB suryanrayana rajuSupreme courtHolding privateSatyam computers servicesHolding private limited rsExchange board of indiaPrivate limitedExchange boardRamalingam rajuVice presidentSecurities arbitration tribunalWhole time memberSatyam computters

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