B Ramalinga Raju

B Ramalinga Raju News

Satyam scam: In setback to SEBI, SAT squashes ban on PwC; allows disgorgement of Rs 13 cr from auditing firm
Business

Satyam scam: In setback to SEBI, SAT squashes ban on PwC; allows disgorgement of Rs 13 cr from auditing firm

In a major setback to SEBI, SAT Monday overturned the markets regulator's order banning Price Waterhouse Coopers from auditing any listed company for two years for its role in the Rs 7,800-crore Satyam scam

VG Siddhartha dead: CCD had mounting debt, but facts don’t suggest coffee chain was a failed affair beyond redemption
Business

VG Siddhartha dead: CCD had mounting debt, but facts don’t suggest coffee chain was a failed affair beyond redemption

Selling his assets and part of his shareholding would have given a new lease of life to CCD and VG Siddhartha

Satyam scam: Sebi passes modified order on debarment, disgorgement of illegal gains with respect to three individuals
Business

Satyam scam: Sebi passes modified order on debarment, disgorgement of illegal gains with respect to three individuals

Passing the order, Sebi whole-time member G Mahalingam said it would come into effect from such date as would be directed by the Supreme Court.

Satyam scam: SEBI revokes seven-year ban on various entities following Supreme Court order
Business

Satyam scam: SEBI revokes seven-year ban on various entities following Supreme Court order

SEBI has revoked the seven-year ban imposed on various entities in the Satyam Computer Services case following a Supreme Court order

Satyam case: Sebi to soon pass order on auditor PwC's alleged role in concealing scam
Business

Satyam case: Sebi to soon pass order on auditor PwC's alleged role in concealing scam

Sebi is investigating the role of the auditing firm which worked for Satyam between 2000 and 2008

Satyam scam: Founder Ramalinga Raju, nine others get bail, court suspends sentences
Corporate

Satyam scam: Founder Ramalinga Raju, nine others get bail, court suspends sentences

On 9 April, the ACMM court, which tried the Satyam case probed by CBI, had sentenced Raju and others to seven years' rigorous imprisonment for criminal conspiracy and cheating among other offences.

Satyam case: Raju, 9 others move sessions court challenging conviction
Business

Satyam case: Raju, 9 others move sessions court challenging conviction

Satyam Computer founder B Ramalinga Raju and nine others have moved a sessions court in Hyderabad challenging their conviction in the multi-crore accounting fraud at the erstwhile IT firm.

Six years later: India has more checks and balances but can't rule out a Satyam-like scam
Business

Six years later: India has more checks and balances but can't rule out a Satyam-like scam

India has put in place many checks and balances, but still it will be difficult to detect a scam like Satyam beforehand

Corporate India, lawyers say Satyam verdict delivered but delayed
Business

Corporate India, lawyers say Satyam verdict delivered but delayed

Noted lawyer Harish Salve said the case has taken long as "we do not have the infrastructure in our courts to deal with these kind of cases".

Satyam scam verdict: Will court do justice to defrauded Indian shareholders?
Business

Satyam scam verdict: Will court do justice to defrauded Indian shareholders?

Indian shareholders have been taken for a royal ride as there were no provision to file class action suits in the country then

Satyam's lopsided verdict: Harvard's Krishna Palepu fined Rs 2.7 cr while Raju gets off with Rs 10 lakh
Corporate

Satyam's lopsided verdict: Harvard's Krishna Palepu fined Rs 2.7 cr while Raju gets off with Rs 10 lakh

The verdicts received in the Satyam fraud case relate to violations of the comapny law, where penalties are low. Surprise: Harvard professor Krishna Palepu has turned out to be the big fish penalised

Six-months jail for Satyam Rajus: Details of their crime, how they did it
Corporate

Six-months jail for Satyam Rajus: Details of their crime, how they did it

A Hyderabad court has convicted the Rajus brothers of Satyam for their financial fraud. Sebi has fined them over Rs 3,100 crore for it. Big question: why did it take 5-6 years to bring them to book?<br />

Satyam fraud case: Court adjourns case proceedings to 11 August
India

Satyam fraud case: Court adjourns case proceedings to 11 August

A local court trying the case of multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL) adjourned the proceedings to August 11.

Satyam fraud: Sebi penalty on Rajus is Rs 3,000 cr and counting but who will pay?
Corporate

Satyam fraud: Sebi penalty on Rajus is Rs 3,000 cr and counting but who will pay?

After five-and-a-half years, Sebi has finally pronounced verdict on the Satyam fraud. This is not a great show, but a darn sight faster than the CBI case still underway in Andhra Pradesh

Satyam case: Sebi bans Ramalinga Raju, others for 14 years, seeks Rs 1,849 cr
India

Satyam case: Sebi bans Ramalinga Raju, others for 14 years, seeks Rs 1,849 cr

In its 65-page order, effective immediately, Sebi said these five persons "have committed a sophisticated white collar financial fraud with pre-meditated and well thought of plan and deliberate design for personal gains and to the detriment of the company and investors in its securities".

Satyam: If you are a crony capitalist, 5 yrs and a confession aren't enough
Business

Satyam: If you are a crony capitalist, 5 yrs and a confession aren't enough

Five years after a confession, the Satyam case involving B Ramalinga Raju is nowhere near a verdict even as new complications are being added to prolong the case

 Mahindra Satyam case: HC stays order attaching Rs 822 cr funds
Business

Mahindra Satyam case: HC stays order attaching Rs 822 cr funds

The Andhra Pradesh High Court today stayed a provisional order of Enforcement Directorate attaching Rs 822 crore deposits belonging to Mahindra Satyam in an alleged money laundering case involving former Satyam Chairman.

Satyam scam: After 3-1/2 years, ED hasn't even filed chargesheet
Business

Satyam scam: After 3-1/2 years, ED hasn't even filed chargesheet

The Enforcement Directorate is sitting on its hands and has failed to file a chargesheet against Ramalinga Raju citing technical reasons