In January 2009, Satyam CEO B. Ramalinga Raju admitted that he had falsified the company’s financial records in a $1 billion fraud. Five years later, India’s SEBI has finally ordered Raju to disgorge $307 million, and a verdict in his criminal case is expected by the end of the month.
via ‘Laws of the Land’ Finally Catching Up to Former Satyam CEO Raju – Compliance Week.
