Peepul Capital Advisors: Peepul Capital co-founder cleared in Satyam Computer insider trading case

Chintalapati Srinivasa Raju, a co-founder of private equity firm Peepul Capital, has been acquitted by the Supreme Court in an insider trading case, according to media reports. The Economic Times reported that the Supreme Court has set aside an order of the capital markets regulator Securities and Exchange Board of India directing Srini Raju to pay Rs 136 crore that he had earned by selling shares he owned in Satyam Computer Services Ltd. "We have not been shown how the appellant (Srini Raju) was in any manner responsible for actions taken by those in the management of [...]