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HYDERABAD: In a primary relief to the venture capitalist Srini Raju of Peepul Capital the Supreme Court on Monday exonerated him inside the more than a decade-antique fraud at Satyam Computer referring to expenses of insider trading owning fee-touchy records. The Supreme Court has additionally set apart the earlier order of markets regulator the Securities and Exchange Board of India (Sebi) that directed him to https://www.edocr.com/user/shawshawkshawat34 pay Rs136 crore that he earned by using sale of stocks he owned in Satyam Computer Services Ltd (SCSL). Srini Raju had left Satyam Computer in August 2000 9 years before the united states s biggest accounting fraud surfaced at the software outsourcer in January 2009. Nearly 15 years after he left Satyam the marketplace regulator in September 2015 held him guilty of insider trading and unlawful profits . Teja Raju and Junior Rama http://programmermeetdesigner.com/user/profile/mukesamban Raju two sons of Satyam Computer s founder B Ramalinga Raju have additionally obtained remedy from the Supreme Court on Monday. The court has exonerated both of them within the illegal gains charges. Srini Raju who changed into related to Ramalinga Raju had worked as an govt director on Satyam board till 2000 and non-government director till 2002. The Sebi had held him guilty at the same time as accusing him as an insider with get entry to to charge sensitive records. A two-member bench of headed via Justice RF Nariman on Monday held that the inference drawn through both the entire-time member of Sebi and majority of the Securities Appellate Tribunal (SAT) on Srini Raju owning confidential rate-sensitive records changed into wrong and unsustainable in law. While extracting quantities from the minority judgement of the SAT that considered that Srini Raju changed into in fact one of the men and women duped and a https://www.interspire.com/forum/member.php?u=544758 sufferer of the fraud perpetrated by way of Ramalinga Raju the SC bench stated We have no longer been proven how the appellant become in any way answerable for actions taken by way of those in the control of the SCSL. When contacted Srini Raju advised ET Thanks to Supreme Court judgement my honour is restored. https://www.viki.com/users/dineshkartikz/about Now I can focus on my institutions development paintings and make a contribution to society. Srini Raju stated Sebi handed insider buying and selling order 15 years after I left Satyam based totally on fraudulent filings (which confirmed Srini Raju as https://justpaste.it/5ou0v promoter) by way of Satyam management with inventory exchanges. In spite of CBI and SFIO confirming that the ones filings were faux Sebi continued to rely upon fraudulent filings. I had to go through widespread ache just because of the ones fraudulent filings and I became a non-government director on Satyam board during 2001-02. NEW DELHI: The Centre and the J