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SEBI orders Ramalinga Raju, others to disgorge Rs 1,802 crore

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By NewsGram Staff Writer

Chennai: On Thursday, Securities and Exchange Board of India (SEBI) ordered Satyam Computers scam kingpin B Ramalinga Raju and 11 others to surrender the illegal gain of Rs 1,802.81 crore from insider trading.

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B Ramalinga Raju source: ndtv

According to the Indian securities market regulator, SEBI, the amount has to be disgorged within 45 days with an additional 12 percent simple interest calculated from January 7, 2009.

SRSR Holdings Pvt Ltd, a front for the Satyam Computers promoter group, has been ordered to repay Rs 1,258.88 crore. The remaining amount of approximately Rs 543.93 crore has to be paid by 11 others including around Rs 26.62 crore to be paid by Ramalinga Raju and Rs 29.54 crore to be paid by B Rama Raju, as per the order issued by SEBI’s whole time member Rajeev Kumar Agarwal.

B Appalanarasamma, B Jhansi Rani, B Rama Raju Jr, B Suryanarayana Raju, B Teja Raju, Chintalapati Holdings Pvt Ltd, Chintalapati Srinivasa Raju and SRSR Holdings are now banned by SEBI from the securities market for a period of seven years.

 

(With inputs from IANS)

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New Survey Indicates, Indians Worry About Terrorism, Unemployment And Corruption The Most

"At least 73 per cent Indians are optimistic that as a nation we are headed in the right direction. The global average paints a dismal image, where the majority (58 per cent) feels that they are headed in the wrong direction," the findings showed.

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The "What Worries the World Global Survey" by global market research firm Ipsos showed that 45 per cent of Indians are most worried about terrorism, 44 per cent about unemployment and jobs and 42 per cent about financial and political corruption. Pixabay

 As the country entered the seven-phase voting from April 11, a new survey said on Monday that Indians are most worried about terrorism, followed by unemployment and corruption.

The “What Worries the World Global Survey” by global market research firm Ipsos showed that 45 per cent of Indians are most worried about terrorism, 44 per cent about unemployment and jobs and 42 per cent about financial and political corruption.

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India, however, bucked the global trend of pessimism where 22 countries out of the total of the 28 markets covered in the survey felt their country is on the wrong track. Pixabay

Apart from these issues, a significant number of Indians are also concerned about crime and violence (33 per cent) and poverty and social inequality (29 per cent).

“Pulwama terror strike has propelled terrorism to the fore. It was way down in the pecking order in the past waves. Terrorism is bothering Indians most. Likewise, lack of jobs is weighing on the minds of Indians and government,” said Parijat Chakraborty, Service Line Leader, Ipsos Public Affairs, Customer Experience and Corporate Reputation.

“Similarly, more concrete steps are needed for tackling corruption. While strategies are being formulated by the government to address them, our survey shows that Indians are preoccupied with concerns around these macro issues and will like them to be mitigated,” Chakraborty added.

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Meanwhile China (94 per cent) inspires the most confidence about its national direction as 9 in 10 Chinese citizens say that the country is moving in the right direction. Pixabay

India, however, bucked the global trend of pessimism where 22 countries out of the total of the 28 markets covered in the survey felt their country is on the wrong track.

“At least 73 per cent Indians are optimistic that as a nation we are headed in the right direction. The global average paints a dismal image, where the majority (58 per cent) feels that they are headed in the wrong direction,” the findings showed.

Meanwhile China (94 per cent) inspires the most confidence about its national direction as 9 in 10 Chinese citizens say that the country is moving in the right direction.

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Saudi Arabia is in the second place (84 per cent), followed by India (73 per cent) and Malaysia (57 per cent).

The survey was conducted in 28 countries where 20,019 interviews were conducted between February 22-March 8. (IANS)