Mumbai: The SEBI has imposed a Rs 5 lakh fine on the erstwhile Satyam Computer's compliance officer G Jayaraman for failing in his duty to avoid insider trading in the company's shares in December 2008 - days before a major corporate scam broke out at the IT firm.
Jayaraman's role came to the light during market regulator SEBI's investigations into the Satyam scam, which came to light during the financial year 2008-09, SEBI said in an order dated July 27, which was made public today.
The investigation revealed that Satyam's then Chairman Ramalinga Raju had proposed on December 06, 2008 the acquisition of Maytas Infra and Maytas Properties (two companies promoted by Raju's family) by the IT firm.
The announcement for these acquisitions were made public on December 16, 2008, and the plans were subsequently dropped next day on December 17, 2008, followed by a confession by Raju on January 7, 2009 about large-scale irregularities at the company....
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07:43 PM, Aug 01, 2012
New Delhi: The Supreme Court on Friday issued notices to Price Waterhouse (PW) partner Subramani Gopalakrishnan and Satyam Computers' former auditor VS Prabhakar Gupta over a CBI plea seeking cancellation of their bail granted by the Andhra Pradesh High Court. A bench of justices P Sathasivam and BS Chauhan issued notices to Gopalakrishnan and Gupta seeking their replies to the CBI plea. Appearing for the CBI, Additional Solicitor General HP...
01:56 PM, Apr 01, 2011
Hyderabad: B Ramalinga Raju, the prime accused in the multi-crore Satyam accounting fraud, and five others surrendered before a trial court in Hyderabad on Wednesday. Ramalinga Raju, his brother B Rama Raju, former Satyam CFO V Srinivas and three other former employees of the IT firm -- G Ramakrishna, Venkatapathi Raju and Srisailam -- surrendered before the 21st additional chief metropolitan magistrate as the Supreme Court had last month cancelled...
12:46 PM, Nov 10, 2010
In a big blow to B Ramalingam Raju, former chairman of Satyam Computers, the Supreme Court on Tuesday rejected a petition seeking an extension of his bail. He will now have to surrender before a special CBI court in Hyderabad. ...
08:54 AM, Nov 10, 2010
New Delhi: The Supreme Court has refused to give more time to former Satyam Computers chairman B Ramalinga Raju to surrender in the multi-crore accountying fraud in the IT major. The apex court heard his petition seeking an extension of time on Tuesday but directed him to surrender on November 10. The apex court has already cancelled Raju's bail. He has moved an application in this regard on account of...
01:54 PM, Nov 09, 2010
Hyderabad: Former Satyam Chairman Ramalinga Raju left CBI office after almost four hours of questioning for the second day on Wednesday. Raju was accompanied by his brother Rama Raju and former CFO Srinivas Vadlamani in the CBI office. The CBI questioned Raju in the 14 thousand crore accounting fraud for the second day on Wednesday. He was questioned for two hours on Tuesday at the CBI office in Hyderabad. The...
10:40 AM, Oct 06, 2010
Hyderabad: B Ramalinga Raju, former chairman of Satyam Computers and the prime accused in the Rs 14,000-crore accounting fraud, was today discharged from the Nizam Institute of Medical Sciences where he was undergoing treatment for hepatitis C for the past ten months. NIMS gastroenterologist Ajit Kumar said Raju requested the hospital authorities to discharge him yesterday. "He made a request yesterday. He still has to be administered 11 injections as...
04:11 PM, Oct 02, 2010
Hyderabad: The founder of Satyam Computers B Ramalinga Raju made his fourth appearance in a Hyderabad court on Tuesday in connection with the multi-crore accounting scam in the IT giant. Raju made his appearance in a medicated face mask. He had been avoiding appearing in person to testify in the case so far, claiming he was too ill. He has been given bail on medical grounds. ...
01:47 PM, Aug 31, 2010
Hyderabad: Former Satyam chairman B Ramalinga Raju was granted bail in the multi-crore scam by Andhra Pradesh High Court on Wednesday. The High Court granted bail to Raju on health grounds saying he should not be discharged from the hospital. Raju has been hospitalised at Nizam's Institute of Medical Sciences in Hyderabad for treatment of Hepatitis C and other ailments since September 2009. "Raju has been given bail on the...
02:27 PM, Aug 18, 2010
He claims that CBI is trying to falsely implicate him in the multi-crore accounting fraud at Satyam. ...
10:24 AM, Jul 28, 2010
The order exempts him from paying court costs in the US. ...
10:55 AM, Jan 28, 2010
V S Prabhakar Gupta was arrested on charges of fabricating account books. ...
12:58 AM, Nov 22, 2009
Ramalinga Raju is now recovering in the intensive care unit. ...
12:04 AM, Sep 09, 2009
Anand Mahindra's new team must reignite sales to make that possible. ...
06:55 PM, Jul 16, 2009
Mahindra had decided to buy Satyam a year before the scam broke out. ...
08:01 PM, Jul 14, 2009
Satyam is bulging with at least 10,000 employees who are not needed. ...
10:46 PM, Jun 03, 2009
The Minister spoke in reference to Satyam's plans to downsize. ...
02:59 PM, May 31, 2009
They want to de-freeze bank accounts and get back seized electronic items. ...
04:24 PM, May 26, 2009
CBI is still investigating, it is not proper to grant bail at this stage, ruled Court. ...
10:46 PM, May 25, 2009
The fraud was executed through a well-planned accounting system. ...
04:48 PM, Apr 27, 2009
