Satyam case: Sebi asks Ramalinga Raju, five others to disgorge unlawful gains worth over Rs 624 crore
Sebi directs Satyam Computer Services founder B Ramalinga Raju, individuals, and entity to disgorge Rs 624 crore. Sebi also bars Ramalinga Raju and Rama Raju from securities markets pending appeals. Satyam Computer Services scam revealed in 2009 when Raju admitted to manipulating accounts. Sebi's probe shows individuals traded in company's shares with unpublished price sensitive information. Sebi orders disgorgement of Rs 624.09 crore with 12% annual interest. SAT asked Sebi to pass fresh order. Ramalinga Raju and Rama Raju remain under restraint till appeals are decided.
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