Pay Rs.1849 crore: SEBI to Satyam Raju

Posted : July 15, 2014 at 9:56 pm IST by ManaTeluguMovies

sathyam

The SEBI (securities and exchange Board of India) has directed B Ramalinga Raju the former owner of Satyam computers to return the Rs.1849 crore earned through wrong means with interest of 12% from 2009 onwards within 45 days.

The SEBI also ordered that Ramalinga Raju and his associates also should keep away from the stock market and not trade or invest there.

Ramalinga Raju who spent over one year on jail after he confessed to have doctored the balance sheet of Satyam to the tune of Rs.7000 crore as profit to keep the share prices and in final count caused a Rs.14,000 crore loss to his share holders.

The CBI has completed the probe in Satyam Raju case and also the trial and the date of the judgement will be announced on July 28th.