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Born in India · Nationality Indian — Business / IT / accounting fraud / Satyam

Ramalinga Raju

Documented profile covering 10 controversies, including “2023: sanctions case referred back to SEBI again” and “2023: new SEBI calculation, disgorgement and ban maintained until 2028”.

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Profile No. 2689 · Updated on 12 October 2026

10Documented controversies

9Sources

1 followed by a conviction

§ Legal statuses reflect the documented sources as of the date shown; they replace neither court decisions nor the presumption of innocence. Counts are not a rating. Methodology

I. Documented controversies

2 February 2023

2023: sanctions case referred back to SEBI again

Civil / administrative proceedings

The SAT instructed SEBI to recalculate disgorgement and the length of the ban after a hearing.

State of the evidence: Documented

Sources · 1

[1]
Business StandardSAT remands Satyam matterPressHigh reliability

Last verified: 14 September 2026

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30 November 2023

2023: new SEBI calculation, disgorgement and ban maintained until 2028

Civil / administrative proceedings

SEBI assessed individual unlawful gains at approximately 20.43 crore plus interest and maintained the market ban until 14 July 2028.

State of the evidence: Documented
Attribution: Directly implicated

Sources · 1

[1]
SEBISEBI fresh Satyam order 2023Regulatory authorityVery high reliability

Last verified: 14 September 2026

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2017-2018

2017–2018: SAT criticises disgorgement calculation and SEBI reassesses measures

Civil / administrative proceedings

The SAT criticised the calculation of unlawful gains and reasoning for the ban's duration; SEBI issued a new decision.

State of the evidence: Documented

Sources · 1

[1]
Securities Appellate Tribunal / CaseMineB. Ramalinga Raju v SEBICourt decisionHigh reliability

Last verified: 14 September 2026

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Case · 5 documented stages

2015: sentenced to seven years' imprisonment in Satyam scandal

Conviction (not final)

9 April 2015

2015: sentenced to seven years' imprisonment in Satyam scandal

Conviction (not final)

A special court convicted him of criminal conspiracy and fraud, among other offences, imposing seven years' imprisonment and a substantial fine.

State of the evidence: Established by a court
Attribution: Accused

Sources · 1

[1]
The Tribune / PTISatyam conviction challengedPressHigh reliability

Last verified: 14 September 2026

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11 May 2015

2015: sentence suspended and bail granted pending appeal

Conviction (not final)

A court suspended the sentence and granted bail.

State of the evidence: Documented

Sources · 1

[1]
New Indian ExpressRaju sentence suspended, bail grantedPressHigh reliability

Last verified: 14 September 2026

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7 January 2009

January 2009: public confession and resignation

Conviction

Raju disclosed the inflation of the accounts in a letter to the board and resigned.

State of the evidence: Admitted by the person
Attribution: Directly implicated

Sources · 1

[1]
Economic TimesSatyam confession letterPressHigh reliability

Last verified: 14 September 2026

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February 2009

2009: sworn confirmation of several elements and SFIO/CBI investigations

Conviction

A tax judgment noted that he had confirmed several elements of his letter under oath while imprisoned and that investigations had documented his control over accounts and entries.

Attribution: Directly implicated

Sources · 1

[1]
Income Tax Appellate Tribunal / Indian KanoonACIT vs B Ramalinga RajuCourt decisionVery high reliability

Last verified: 14 September 2026

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2001-2008

2001–2008: prolonged falsification of Satyam accounts

Conviction

Raju acknowledged inflating revenue, margins, cash holdings and bank balances to conceal the gap between actual and published results.

State of the evidence: Admitted by the person
Attribution: Directly implicated

Sources · 2

[1]
Economic TimesSatyam confession letterPressHigh reliability
[2]
Income Tax Appellate Tribunal / Indian KanoonACIT vs B Ramalinga RajuCourt decisionVery high reliability

Last verified: 14 September 2026

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15 July 2014

2014: fourteen-year SEBI ban and disgorgement

Civil / administrative proceedings

SEBI barred Raju and other former executives from the market for fourteen years and ordered disgorgement of unlawful gains with interest.

State of the evidence: Documented
Attribution: Directly implicated

Sources · 1

[1]
SEBISEBI order — Satyam 2014Regulatory authorityVery high reliability

Last verified: 14 September 2026

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16 December 2008

December 2008: $1.6 billion Maytas deal intended to fill fictitious gap

No legal proceedings

Satyam announced the acquisition of Maytas companies linked to the Raju family; the proposal was withdrawn following investor outrage.

State of the evidence: Admitted by the person
Attribution: Directly implicated

Sources · 2

[1]
S.D.N.Y. / CaseMineSatyam securities litigation — Maytas contextCourt recordHigh reliability
[2]
Economic TimesSatyam confession letterPressHigh reliability

Last verified: 14 September 2026

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II. Constellation of documented links

No documented link with another published profile for now.

Two profiles are linked when a documented controversy of one names the other. The link points to that controversy and its sources; it does not indicate a personal relationship.

III. Has something changed?

A new court decision, a missing source, a mistake? Tell us what should be updated: every request is read by the editorial team.

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