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Major financial frauds of 2015

Major financial frauds of 2015

Here are the major financial frauds that rattled the corporate world.

Satyam scam: Sebi asks Raju family, others to return Rs 1,800 crore

In a fresh order in the nearly seven-year old Satyam scam case, regulator Sebi on Thursday asked 10 entities linked to the main accused B Ramalinga Raju -- including his mother, brother and son -- to disgorge over Rs 1,800 crore worth of illegal gains made by them.

Govt to set up expert panel on Companies Act next week: FM Jaitley

After just making a slew of amendments to the 'complicated' Companies Act, government will constitute an expert committee next week to suggest further changes to make it easier to do business.

Court order on Raju's appeal for sentence suspension tomorrow

A local court would pronounce its order on Friday on appeals filed by Satyam Computers founder B Ramalinga Raju and nine others, seeking suspension of their sentences and the fines imposed on them in the multi-crore accounting fraud in the erstwhile IT firm.

Satyam scam: HC asks Raju & others to move Sessions Court

The Hyderabad High Court Thursday declined to admit appeals filed by Satyam Computer founder B Ramalinga Raju and others against their conviction in the multi-crore accounting fraud at the erstwhile IT firm, observing it is not maintainable before it and told them to move sessions court.

Satyam case: Court reserves order on Raju's appeal against conviction

A Metropolitan Sessions Court Wednesday reserved its order till April 20 on an appeal filed by B Ramalinga Raju and others challenging a special court's verdict which found them guilty in the multi-crore rupee accounting fraud in erstwhile Satyam Computer Services Ltd.

Satyam scam: Ramalinga Raju challenges fraud case verdict

The founder of Satyam Computer Services, Ramalinga Raju, who was found guilty in an accounting fraud case and sentenced to seven years` imprisonment last week, has filed an appeal to challenge the court`s verdict.

Satyam case: Ramalinga Raju, brother sentenced to 7 years in jail, Rs 5.5 crore fine

The 10 accused were convicted of criminal conspiracy and cheating among other offences in the scam dubbed as the country's biggest accounting fraud.

Satyam scam: All you want to know about Ramalinga Raju

A special court on Thursday sentenced the former chief of outsourcing giant Satyam to seven years in jail over a USD 2.25 billion accounting fraud scandal dubbed "India`s Enron".

Satyam founder Raju, 9 others guilty of accounting fraud

Charges against Raju and others include criminal conspiracy and forgery of valuable security.

Satyam scam: Ramalinga Raju, 9 others sentenced to 7-year rigorous imprisonment

The special court found Raju guilty of cheating, forgery and criminal breach of trust.

Court to pronounce verdict in Satyam case today

Raju and others were charged with offences like cheating, criminal conspiracy, forgery and breach of trust under relevant sections of IPC.

Court to pronounce verdict in Satyam case tomorrow

A special court here trying the multi-crore accounting fraud in erstwhile Satyam Computer Services Ltd (SCSL) will pronounce its judgement in the CBI- probed case on Thursday.

Court to pronounce verdict in Satyam case on March 9

A special court on Tuesday set March 9, 2015, as the date for the verdict in the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL).

Satyam case: Need more time to deliver judgement, says special court

SFIO had filed seven complaints against SCSL and its directors for violations of the Companies Act in the Special Court for Economic Offences here in December 2009.

Hearing on SEBI plaints against Raju, others on Jan 20

A special court here on Monday posted to January 20, the hearing of two complaints filed by market regulator SEBI against Satyam Computers founder and former chairman B Ramalinga Raju and others.

Special court verdict in Satyam case likely on Dec 23

A special court here is expected to pronounce its verdict on Tuesday in the multi-crore accounting fraud in the erstwhile Satyam Computer Services Limited (SCSL), capping a nearly six-year trial.

Satyam case: Court sentences Raju brothers to 6-month jail

A Court on Monday sentenced scam-hit Satyam Computers founder Ramalingam Raju and his brother Rama Raju 6-months jail and fine.

Satyam Scam: Sebi bars Raju, 4 others from capital markets; slaps Rs 1,849 cr penalty

Sebi has barred Satyam founder B Ramalinga Raju, four other executives from capital markets for 14 years.

Court to fix date for Satyam verdict on June 26

Satyam Computer Services Ltd later merged with Tech Mahindra.