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Raju likely to be arrested on Friday

Hyderabad: Two days after the startling disclosure of a massive corporate fraud at Satyam Computer, the Hyderabad police are likely to swing into action on Friday and may arrest Ramalinga Raju, who has resigned from the position of chairman of the company. The action by the law enforcement authorities her ....Read more

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9 Comments |

Raju likely to be arrestedx on FridayBy: Sulabh5 | Friday , 9 Jan '09 18:22:52 PM Reply | Forward Raju, after his arrest will be admitted in the hospital because of chest painThis is the standard formula of the rich and famousEnd of the day, Raju will walk free..after years and years of this case being dragged in the court.The only hope for clean and honest justice is US, where a lawsuite is filed.Laws are straight, honest and anyone who violates is taken to task

DOWN FALL OF SATYAM...FIND THE FACTSBy: Indian | Friday , 9 Jan '09 15:44:30 PM Reply | Forward Many who enjoyed the world during the Satyam business empire's growth, now conveniently forgot that they earned despite of their company's loss. In a country like India there may be many companies which shows incorrect figures in their balance sheet... It can also happen considering or assuming some future business.... If it would have materialised people would not have know about this scam at all.... Also a possibility is that taking political masters into too much confidence might have caused the downfall of Sayam empire...

flight to integrityBy: marketman | Friday , 9 Jan '09 15:36:02 PM Reply | Forward There will be flight of capital to integrity in the Indian capital markets. Mark my words.

fraud at satyam computer servicesBy: bashu shaikh | Friday , 9 Jan '09 14:54:00 PM Reply | Forward Why such an inordinate delay in arresting the fraudster for his culpable crime of cheating millions of retail investors? is'nt the delay likely to provide breathing time to the wrong doers to hide under a cover and detroy some critical evidence(s).

satyam auditBy: undefined | Friday , 9 Jan '09 14:48:56 PM Reply | Forward Investgate the role of auditing firms Pwc what have they audited? They should be held responsible in the first place. They are permitting these frauds by compromising on the situations. If they r incompetent their licences should be taken away for life and the auditors put behind bars. If they had done their job no CEO will dare to b doing wrong things. If the judges compromise then crime will never be punished. These auditors are the fortune companies can't let them go scotfree. Penalize them heavily with money as well in fines and close such auditors.

about rajuBy: priyadarshi | Friday , 9 Jan '09 14:48:53 PM Reply | Forward yes he must be arrestted because he has done crimeand for itpunishmentmust be necessary.

Raju likely to be arrested on FridayBy: sunit | Friday , 9 Jan '09 12:34:53 PM Reply | Forward Raju is the fall guy. There is much more to the fraud than is obvious.Truth (Satyam) may not come out in the open with all the investigations going on. But the Company with such a rich knowledge base can not be allowed to run down. It is a pity many other organisations and institutions such as PWC, ISB will also suffer in the bargain.

PWC Satyam AuditorsBy: Suhas Shah | Friday , 9 Jan '09 12:22:47 PM Reply | Forward SEBI,ICAI and all other authorities pls coorect me n this if , this may not be the first of case where PWC were the auditors First it was Global Trust Bank, DSQ software was next and now Satyam Computers. i read in the newspapers PWC are auditing more than 50 companies so not sure if these people are not competant or in tendom with mgt to decorate the books. is anyone listening and taking any actions against so called professional and statutory auditors?

Arrest all the crooksBy: Prashant Karnik | Friday , 9 Jan '09 11:45:15 AM Reply | Forward Please start a process to arrest corrupt politicians who swindle crores belonging to the poor.