Satyam rip-off: SEBI passes contemporary order; directs Raju, three others to disgorge over Rs 813 cr

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Passing a contemporary order within the practically a decade-old Satyam rip-off, SEBI barred B Ramalinga Raju and three different entities from the securities markets for 14 years and directed them to return Rs 813 crore price illegal good points with curiosity.

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The 14-year ban imposed by the regulator would come with the debarment interval already served by them. In addition to, SEBI has decreased the disgorgement quantity to Rs 813.40 crore from Rs 1,258.88 crore together with curiosity, as per the order.

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In addition to Raju,…

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