Satyam Raju barred from markets for 14 years, Rs. 1849 crores fine too

The market regulator Sebi has barred Satyam’s Ramalinga Raju and four other company executives from the markets for 14 years, pronouncing it’s final verdict in perhaps the biggest scam financial India has seen. Sebi has also asked him to pay back the fudged funds of Rs.1849 crores with interest retrospective from 2009 within 45 days. Raju was arrested in January 2009 with regard to the case, he first confessed to fuddling accounts, but later retracted his confession.

Medaram Jathara

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