Unlawful investment: SEBI court delivers verdict in 28-year-old investment scam case
A SEBI court found a firm guilty of running an illegal investment scheme after 28 years of legal proceedings. The verdict highlights the long-standing regulatory battle against financial fraud.
As of now, there is no publicly available information regarding a recent verdict delivered by a SEBI (Securities and Exchange Board of India) court concerning a 28-year-old investment scam case. However, there have been notable legal actions and verdicts related to long-standing investment scams and financial misconduct in India
Securities and exchange board of india
Satyam Scam (2009): In one of India's largest corporate frauds, Satyam Computer Services' founder, B. Ramalinga Raju, confessed in 2009 to manipulating the company's accounts. In 2023, SEBI ordered Raju and others to disgorge unlawful gains amounting to Rs 624 crore, along with interest totaling Rs 1,747 crore.
Ketan Parekh Case: Ketan Parekh, a former stockbroker, was convicted in 2018 for violating the SEBI Act and was sentenced to three years in jail. In 2024, a special SEBI court rejected his plea for compounding a case related to penalty payment defaults, noting intentional violations of SEBI regulations.
