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Setback for Satyam Ramalinga Raju
By: Tupaki Desk | 15 July 2014 11:58 AM GMT
The investigation by Sebi in the case of Satyam fraud has concluded that Raju has critically involved in this crime. It charged Raju to pay 1849 crores rupees with in 45 days and it charged him not to participate in the trading or any related activities in near future. Sebi enforced that Raju earned 1849 crores illegally which related to various crimes.
Earlier to this Satyam industries had been sold out Tech Mahindra after its fall due to financial issues. Central government and Sebi played crucial role in merging this company with Tech Mahindra. Initially its continued operations as subsidiary, later its fully merged with Teach Mahindra after approvals from court and sebi.
In this case many people have been charged but today Sebi identified 4 more persons along with Raju and declared as they are involved in fraud to secure the money in unauthorized way. The restrictions applicable for all the indicted persons.
Earlier to this Satyam industries had been sold out Tech Mahindra after its fall due to financial issues. Central government and Sebi played crucial role in merging this company with Tech Mahindra. Initially its continued operations as subsidiary, later its fully merged with Teach Mahindra after approvals from court and sebi.
In this case many people have been charged but today Sebi identified 4 more persons along with Raju and declared as they are involved in fraud to secure the money in unauthorized way. The restrictions applicable for all the indicted persons.
