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Satyam scam: Raju traceless; WB image 'suffers'

ANI/PTI

Hyderabad/New York: The management of Satyam Computers has said that it has no clue about Ramalinga Raju's whereabouts, even as a team of the Securities and Exchange Board of India (SEBI) reached Hyderabad to investigate a case of fraud related to the company. According to some sources, Raju left for Texas on Wedn  ....Read more

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40 Comments |
Rich becomes RicherBy: Sathiamoorthy. K | Thursday , 8 Jan '09 16:22:32 PM Reply | Forward It once agin proves that many criminals are educated, wealthy and renowned personalities. Many Indians do not even know the number of Zero in 7000 Crores. Punishment of Raju and Auditors must come from ALMIGHTY and not from any Human being or Law.
Rich becomes richerBy: JKS | Thursday , 8 Jan '09 23:13:04 PM Reply | Forward Looks you know the zeroes better than others in India. Thats why you are complete zero. Before making comments like many Indians dont even know the number of zeroes in something look at what you are...at the most a software programmer in USA who is zealous about Indians doing well in India.
RajuBy: rammohan | Thursday , 8 Jan '09 16:22:01 PM Reply | Forward Raju Ban Gaya NOT a gentleman. Our harshad Mehta abhi becah ho gaya. When will we make a good sysytem work. Our finance ministry have any answers. Public ka money loot maro.
doosara Harshad MehtaBy: GUPTA P.V.S. | Thursday , 8 Jan '09 16:00:31 PM Reply | Forward Raju, what can you do with the money? Can you see your family, your nation? Why you did it? You were the king computer state, but now? it is shameful. Earning money is so easy than that of keeping it well. spoiling the name and goodwill is very easy than that of gaining them. Any how, You committed a huge mistake. You just sunk away the employees, shareholders, banks and other investors. Their cursings will definitely touch you. You must be thought about the situations before you leap. We are very sorry because we are helpless.
Raju the "Great"By: Varghese | Thursday , 8 Jan '09 15:34:58 PM Reply | Forward All Top management Mgmnt , F Mgr n Auditors are accoutable for the Crime.Put them behind the bars without delay so as to retain the confidence. And frame some new controlling measures to avoid in future.
SatyamBy: PN Ramchandar | Thursday , 8 Jan '09 15:31:04 PM Reply | Forward Not only in Satyam in all companies other directors sit in the meetings drink tea coffee shake their heads up and down because they all party to frauds.Chartered accountants auditors representative come stay in the posh hotels on company account or in posh guest houses of the companies, company officers provide them huge entertainment packages rub their balls, mouth , and hands, auditors ready to sign any papers company account department submit them. As per auditors all are Satyam Sundaram. Government watchdog SEBI is like police come into picture only after crimes are committed. Who is there to prevent shareholder investors from such crimes?
ProfessionalsBy: Sandeep Kumar | Thursday , 8 Jan '09 15:13:27 PM Reply | Forward we have a very good system but rules, standards n guidelines can not apply itself. All professionals,liable for application of these, are equally responsible for this mishapenning.
PWC By: AMITANSHU | Thursday , 8 Jan '09 15:01:36 PM Reply | Forward PWC, satyam auditors ..... the brain behind the satyam scam.
(A)sathyam!By: R.Balasundaram | Thursday , 8 Jan '09 14:40:59 PM Reply | Forward Raju was apprently ably aided by the top executives of (A)sathyam(particularly the finance head,whoever it may be) and the internal and external auditors. The internal audit sub-committee of the Board as well as all the directors cannot escape complicity in the enormous crime. I also feel the bankers to the company cannot also escape being blamed because they kept quiet eventhough the bank balance was inflated and shown in the balance sheet of sathyam and the banks didnot point out the discrepency. The truth of the matter appears to be that all are involved in the crime and the govt should not dleay and bring ALL the culprits to book and show the world that guilty will be punished and nothing will stand in the way! This alone will make both Indian and foreign investors happy!
HahahaBy: Ramalinga Raju | Thursday , 8 Jan '09 14:27:44 PM Reply | Forward Hahahah, I am now in Dubai, enjoying at Burj al arab and will be going fishing in the evening... Sorry guys... but you can start again... remember the spider and ant story??
Judiciary is for poor only...By: varun | Thursday , 8 Jan '09 14:23:38 PM Reply | Forward Indian judiciary system punishes only the poor people..So, Raju dont want to worry about anything... This SEBI,CB-CID...investigations are all name-sake.. Gulty Raju will give money and he will escape...Unnecessarily media gives hype on each and every matter and after that when new matter comes, this Raju will not be in talk at all.. He does his business in Dubai silently....Govt. just keep mum..and support all the fraudulances... Good governance...
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