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Ramalinga Raju quits Satyam; admits to fraud

Hyderabad: Satyam Computer on Wednesday plunged into a deep crisis, as B Ramalinga Raju resigned as its Chairman after admitting to major financial wrong-doings and saying his last-ditch efforts to fill the "fictitious assets with real ones" through Maytas acquisition failed. The beleaguered IT giant, alr  ....Read more

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45 Comments |
satyam failureBy: Rajamohan nagarajan | Wednesday , 7 Jan '09 14:42:03 PM Reply | Forward gross failure
SatyamBy: Lakshmi | Wednesday , 7 Jan '09 14:36:53 PM Reply | Forward He has given all the names who were involved in this scam unknowingly.
Satyam ka asatya!By: techie | Wednesday , 7 Jan '09 14:23:18 PM Reply | Forward No wonder these horrible comapnies hire mechanical and chemical engineers for software jobs!!!!!!!!!!!!!! Such a pathetic people!!!!!!!!
What utter nonsenseBy: Atanu Dhar | Wednesday , 7 Jan '09 23:04:05 PM Reply | Forward Are you even thinking with that engineer head of yours before giving such statements?
RAJU COOKS BOOKSBy: DEEP ARORA | Wednesday , 7 Jan '09 14:21:31 PM Reply | Forward It is a matter of great concern that one of the India's top corporate Business men has commited fraud.All the directors who are involved in this scam should be punished , otherwise investors will lost confidence in other companies as well.
sad day for ITBy: ANAND | Wednesday , 7 Jan '09 14:18:23 PM Reply | Forward A very bad day for Indian IT industry. Let us hope this be the first and last incident.Otherwise our IT companies credibility will erode globally.
Raju Ban Gaya Gentleman!!By: mauryadh | Wednesday , 7 Jan '09 13:33:29 PM Reply | Forward Hi, Raju Ban Gaya Gentleman!! Looks like Raju, Directors and auditors everyone involved in this scam and looted everything and now escaping by telling all KAKA stories. This is unforgivable and every one should be made responsible and punished!!
Fraud in IT CompaniesBy: Arun | Wednesday , 7 Jan '09 13:29:51 PM Reply | Forward Is this true of other IT companies as well?
Hai Ram were you alone in this fraud!By: KVSKumar | Wednesday , 7 Jan '09 13:23:34 PM Reply | Forward Ban their auditors for lifetime!!!!
Once upon a time....By: Nautankee | Wednesday , 7 Jan '09 13:21:58 PM Reply | Forward Once upon a time there lived honest Indian's....
SatyamBy: Nagaraj | Wednesday , 7 Jan '09 12:46:45 PM Reply | Forward What about the shareholders money.........?
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