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Sebi asks Satyam promoters to repay 1,747 crore
![IndiaTimes]()
Saturday, 2 December 2023
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 manipulated the Satyam stock price and will have to pay a penal interest of 12% per annum. Sebi also bars Ramalinga Raju and Rama Raju from the stock market for five years. The order comes after investigations by Sebi revealed that they traded in Satyam shares with unpublished price sensitive information. Another case is pending in the Supreme Court.
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Saturday, 2 December 2023
