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Satyam Scandal
The Satyam scandal was a major corporate fraud that came to light in January 2009, involving Satyam Computer Services Ltd, one of India’s largest IT companies. The company’s chairman, Ramalinga Raju,
...Read more- Satyam scam: SEBI passes order asking company's promoters to disgorge Rs 1,747 crore
The total amount that these entities need to pay is about Rs 1,747.5 crore assuming they pay it back by January 2024 when the deadline is set. This includes an interest amount of Rs 1123 crore for about 15 years.
- Top 5 famous scams in Indian stock markets’ history in last 3 decades
As SEBI and other regulatory bodies try their best to keep such scammers and fraudsters at bay, we hope that soon such scams become a thing of the past.
- SEBI moves SC challenging SAT's order on Satyam scam
Early last month, the SAT had overturned SEBI's order in the Satyam Computer Services fraud case.
- 10 years to Satyam: How India's Enron moment unfolded
On January 7, 2009, Byrraju Ramalinga Raju, founder and chairman of Satyam, wrote to SEBI and the company's shareholders making an admission which shocked the global corporate community
- Satyam scam: SAT revokes Sebi order against erstwhile Maytas Infra
Maytas Infra was later acquired by IL&FS Engineering and Construction Company. The tribunal's decision follows an order passed by the Supreme Court in May this year, wherein it was held that several entities, including B Teja Raju, could not be considered as insiders in the Satyam matter.
- Satyam scam: SAT allows PwC to re-examine witness reports
The Securities Appellate Tribunal (SAT) today allowed Price-Waterhouse to re-examine witnesses involved in the Satyam scandal and thier statements, giving a green signal to its appeal against the SEBI order.
