Indianexpress.com : comments : Ramalinga Raju arrested, sent to CID custody

Ramalinga Raju arrested, sent to CID custody

New Delhi: Two days after the Rs-7,800 crore Satyam scandal erupted, the Government disbanded the board of the beleaguered IT giant and decided to nominate 10 new directors. Late on Friday evening, the Andhra Pradesh police arrested Satyam’s disgraced founder Ramalinga Raju and his brother Rama Raju on ch ....Read more

Comments

Post comment

7 Comments |

SATYAM FRAUD- OVER STAFFEDBy: SIV | Saturday , 10 Jan '09 12:24:02 PM Reply | Forward Beware of ANDHRA PROMIOTOSNext to follow are NAGARJUNA and IVRCL. Please think twice before buying the sharesof companies promoted by Andhraites. Its really amusing to see OPM of SATYAM was mere 3%, I think SATYAM is overstaffed and many staffs dont have work and loot money sitting idle. Its high time the new team look all these issues and give some confidence to investors like me

Corporate world is decided by Politicians? By: Mayas | Saturday , 10 Jan '09 11:28:37 AM Reply | Forward I think what CB-CID dept. knows about the corporate accounts and they said to be grilled Raju. Useless CM... This YSR would bring his own people into the board.. You see the world.. this world is controlled by ethicaless politicians...who are not constructive....Atleast, other corporates see to that politicians shouldnt involve into corporate affairs...

Raju has to be tried in USBy: madhu | Saturday , 10 Jan '09 10:34:29 AM Reply | Forward Americans are killed in Mumbai terror, Hence pursued by US. American investors are affected, so satyam fraud also to be pursued. Otherwise Raju

Satyam = Fraud in Raju's dictionaryBy: Kalpathy Venkataraman | Saturday , 10 Jan '09 7:51:41 AM Reply | Forward Karunandhi, Lalu, Sibu Soren, Mulayam, Jayalalitha, Sonia and other stalwarts in corruption must be wondering that Raju has beaten them in the art of stealing public money. It is very likely they will send the next generation to Raju for on the job training. It looks like the amount of money swindled by Raju is far in excess of the Spectrum scandal. Raju has elevated India's corruption culture several notches up. With all his money power, I am sure he will come out clean like all our corrupt politicians very soon. He should not have done this unholy thing under the banner of the scared Sanskrit word "Satyam".

Act tough on 'Spectrum' alsoBy: A.NATARAJAN | Saturday , 10 Jan '09 4:12:41 AM Reply | Forward It is a great shame and disgrace as Satyam's shares were listed in Overseas Stock Exchanges also. Government should act strongly against persons responsible for this fraud, which should act as a deterrent. We also expect the Government to act swiftly on the 'Spectrum' fraud, which involves huge money. The persons behind those frauds should be brought to books, as it involves huge revenue loss to the Government.

FraudstersBy: Umesh Gupta | Saturday , 10 Jan '09 3:59:08 AM Reply | Forward I am sure it is the nexus between big business, politicians and so called big 'independent' auditors that have played with lives and livelihoods of 53,000 hardworking men and women. Shame on them. My sister works for Satyam and she and her colleagues who gave so much to the company feel cheated.

SatyamBy: Madayil Nair | Saturday , 10 Jan '09 1:30:47 AM Reply | Forward The high salary for fresh graduates to work in IT industry and low IT service bids from foreign countries by Indian firms are not sustainable. Failure of Satyam involves both of these components besides mismangement. If Indian Industries assume the same path, more failures will happen.