close
This ad will auto close in 10 seconds
Major financial frauds of 2015

Major financial frauds of 2015

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

Bourses ask members not to allow Raju family to trade in markets

After a fresh Sebi order in Satyam case, stock exchanges BSE and NSE have asked trading members to ensure that eight entities including family members of the company's founder B Ramalinga Raju are not allowed to trade in the securities markets for seven years.

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.

Satyam case: Ramalinga Raju, 9 others released from prison

The Metropolitan Sessions Court, on May 11, suspended seven-year rigorous imprisonment awarded to Raju and others in the Satyam case, known as one of the biggest corporate frauds in India.

Satyam case: Raju, others may be released today

Satyam Computers founder B Ramalinga Raju and nine others are expected to be released from the Cherlapally Central Prison Wednesday, as the prison authorities did not receive the bail order yesterday.

Satyam case: Raju, others may be released Wednesday

Satyam Computers founder B Ramalinga Raju and nine others are expected to be released from the Cherlapally Central Prison Wednesday, as the prison authorities did not receive the bail order today.

Satyam case: Ramalinga Raju, 9 others granted bail; court suspends their sentences

In a sigh of relief to Satyam Computers founder B Ramalinga Raju and 9 others sentenced to 7 years rigorous imprisonment in the multi-crore accounting fraud, the Hyderabad Court on Monday granted them bail.

Satyam case: Court reserves order on Raju's plea till May 11

A local court on Friday deferred to May 11 its order on an application filed by Satyam Computers founder B Ramalinga Raju and nine others, seeking suspension of their sentence and fines imposed on them in the multi-crore rupee accounting fraud.

Satyam case: Court order on Ramalinga Raju's appeal for sentence suspension today

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 case: Court to hear arguments on bail pleas today

A local court will take up on Thursday the appeals filed by Satyam Computers founder B Ramalinga Raju and nine others, seeking suspension of their sentences in the multi-crore accounting fraud in the erstwhile IT company.

Satyam case: Court to hear arguments on bail pleas Thursday

A local court will take up Thursday the appeals filed by Satyam Computers founder B Ramalinga Raju and nine others, seeking suspension of their sentences in the multi-crore accounting fraud in the erstwhile IT company.

Satyam case: Raju moves sessions court against conviction

Satyam Computer founder B Ramalinga Raju and nine others have moved a sessions court here challenging their conviction in the multi-crore accounting fraud at 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 rejects pleas of Raju, others

A local court Monday rejected as non-maintainable the appeals filed by Satyam scam kingpin B Ramalinga Raju and others challenging a special court's verdict that found him and nine others guilty in the multi-crore rupee accounting fraud in erstwhile Satyam Computer Services Ltd (SCSL).

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 case: Plea for leniency on quantum of sentence rejected

Raju and his brother and former Managing Director B Rama Raju in their statements before the court narrated about the "philanthropic activities" done by them through agencies like Emergency Management Research Institute (EMRI 108 services) and Byrraju Foundation.

Complaint by shareholder led to sentencing in Satyam case

On the basis of the complaint filed by Leena Mangat, a resident of Secunderabad, the CB-CID had filed an FIR on January 9, 2009 against Ramalinga Raju (Chairman), his brother B Rama Raju (MD) and other directors, auditors and others.

Court sets April 9 as final date for verdict in Satyam case

Citing voluminous documents in the case, Special Judge BVLN Chakravarthi said, "On April nine, the judgement will be pronounced. I am making it very clear."

Much-awaited verdict in Satyam fraud case deferred to April 9

Around 3,000 documents were marked and 226 witnesses examined during the trial that began nearly six years back.

Satyam case: B Ramalinga Raju, others get 6-month sentence

A local court Monday convicted Satyam founder B Ramalinga Raju, accused of one of the most sensational corporate frauds in the country, and other accused in connection with complaints filed by Serious Fraud Investigation Office (SFIO).