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Rs 8,000 cr fraud hits Satyam; Raju may get 7-yr jail

Mumbai/Hyderabad: In the country's biggest corporate fraud involving about Rs 8,000 crore, iconic IT company Satyam was hurtling towards disaster following the shocking disclosure of accounts fudging by its founder Ramalinga Raju, who then quit as chairman - leaving an uncertain future for the company and its 53  ....Read more

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A CHEATER WITH SOME CONSCIOUSBy: praveer shukla | Thursday , 8 Jan '09 13:27:11 PM Reply | Forward No doubt what happened in Satyam is worst we had seen in corporate sector.But, the people making so much noise must ask themselves wheather they had never done such manipulations in their life. Hasn't manipulation at all level has become main management tactis? Raju has not manipulated Balance sheet he got it manipulated and certified by manipulating people working under him,for auditors,for advisory firms
Way to protect small investors and employees of SatyamBy: Santosh Kumar Sinha | Thursday , 8 Jan '09 12:00:24 PM Reply | Forward No use of crying over sploit milk. All financial institutions like LIC, ICICI etc should come forward to provide a good management to save investors and employees of Satyam. Satyam still holds asset like more than 50000 skilled employess and projects working on. New management can convince World bank also that now management is new and take the ban back. Government must put Raju behind the bar but also give few projects to Satyam so that everybody connected to Satyam may feel strength. Also guide line should be discussed with Azim Premji, Murti etc to save copany, investors and as well as Indian flag. I must say Satyam will bounce back only support is needed from FIAs and government.
Satyam Fraud Case By: Prahalad D.G. | Thursday , 8 Jan '09 11:00:29 AM Reply | Forward Big New Year Shock,the Satyam shock, the faith in the corporate governance of big companies has eroded putting employees
aBy: truth | Thursday , 8 Jan '09 10:19:12 AM Reply | Forward Manmohan Singh and P. Chidambhram and Raju you all three hang out in public place you all cheated innocent people. Reliance Power cheated people no step taken by P. Chidambhram. Harshad Mehta cheated people that time finance minister was manmohan singh he never take any step against harshad mehta. Now Raju has come please forgive ordinary man you all three are involved in criminal activity now how many people will do suicide but will your government will compensate them now you will compensate only those people who will kill by terrorist but you all white dress terrorist you indirectly kill people now one say in india you should hang out you white color people are making rule in india an ordinary people going die day by day.Weldon big gamblers kas tumhare alaud bhi mar jati to accha hota.Har bar ek ordinary investor and ordinary man hi marta hai.Aur yeh media wale tumhare move par nachte hai.
TransparencyBy: SKValli | Thursday , 8 Jan '09 9:58:44 AM Reply | Forward RTA should be applicable to each
Over-reationBy: Baatul | Thursday , 8 Jan '09 9:58:01 AM Reply | Forward INDIAN processes are most stringent. Accounting is much more conservative than American, British or Australian standards. The Software houses work in much challenging environment than its counterpart in USA, Ireland or Israel. Negative comments are generally from Indians living in USA, UK, Australia ... who feel threatened by the competition. So, these comments are best ignored as it come from a group of "SCARED GUYS" who wants to save their "OVERPAID JOBS" in USA !!!
Satyam debacleBy: Rama rao | Thursday , 8 Jan '09 9:36:39 AM Reply | Forward In retrospect I can say that Sreedharan has been proven right when he said that the award of Bangalore metro to Maytas was scandalous. Many politicaians who asked for an apology should now tender their resignations if they have any personal dignity left in them, with the Satyam Maytas fraud that is now unravelling.
We are no less than USBy: Rajat | Thursday , 8 Jan '09 9:20:49 AM Reply | Forward If US can do it, so can India..... If US can have Enron, we can have Satyam. If US can have 9/11, we can have 26/11; if US can have ..... so can India.
Well Deserved for AP guysBy: Siddhesh | Thursday , 8 Jan '09 9:18:11 AM Reply | Forward All AP IT pros are #1 frauds, they do every unimaginable fraud in USA. Now they are getting back what they did to others!
Raju's Asatyam ComputersBy: Javed Khan | Thursday , 8 Jan '09 9:07:13 AM Reply | Forward It is more then Rs 8,000 cr fraud. fraud with employes, fraud with shear holders and fraud with country.now raju will establish a new company somewhere in the world " ASATYAM COPMUTERS LTD."
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