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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

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Satyam case: SEBI asks Raju, 5 others to disgorge unlawful gains of Rs 624 cr

Satyam case: SEBI asks Raju, 5 others to disgorge unlawful gains of Rs 624 cr
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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 case: Satyam case: Sebi asks Ramalinga Raju, five others to disgorge unlawful gains worth over Rs 624 crore

The scam at Satyam Computer Services came to light on January 7, 2009, when Ramalinga Raju, then the company s Chairman, admitted to manipulating the company s accounts. Sebi s probe also revealed that the individuals traded in the company s shares during the period from January 2001 to December 2008 when in possession of unpublished price sensitive information about the firm s adverse financial position.

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Satyam case: Sebi asks Ramalinga Raju, five others to disgorge unlawful gains worth over Rs 624 crore

Satyam case: Sebi asks Ramalinga Raju, five others to disgorge unlawful gains worth over Rs 624 crore
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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