Sign In / Register
Make This My Home Page | Feedback |RSS
Channels Astrology | Cricket | Tenders | Classified | Blogs | Shopping | Opinions | Hotel| Travel
You are here: IE »   Story » Comment »

Satyam fraud: Full text of Raju's letter to board

Hyderabad: Following is the text of the letter Raju wrote to the Satyam board: "It is with deep regret and tremendous burden that I am carrying on my conscience, that I would like to bring the following facts to your notice: 1. The Balance Sheet carries as of September 30, 2008, a) Inflated (non-existent)  ....Read more

Comments
Post comment
33 Comments |
cause of fraudBy: Abhishek kumar | Friday , 19 Jun '09 23:08:48 PM Reply | Forward the fraud done by ramalingaraju give us a idea of connection between economics and politics. these two fields r different in seeing but some how they r related.Since without political help this fraud is immpossible.it also show weakness ofour bankig system. goverment have to tke total responsibity of it and form hard law so it will not repeat in any other company.
satyam auditingBy: vishnu | Friday , 1 May '09 14:06:48 PM Reply | Forward satyam chairman ramalingaraju had shown an iproper balance sheet 2 pwc since 2002 and it is paying taxes to the govt of india from past 7 years on their fictious profits . then what had been doing by the IT Dept in that period . was not it enquired about their profits and what about the invoices had shown by the satyam.was it in hibernation stage at that time.is there any relationship between big fishes in govt of india and satyam fraud
what about other company , they also nt innocent, wait n watchBy: noopur berge | Friday , 27 Mar '09 18:00:52 PM Reply | Forward india's biggest fraund can't be done by a single person, lots of higher authority people are engaged in this fraud, being a fourth largest company it did fraund of 7136 cor . nw there is a ques for top 3 company !!!
scam is shameBy: tanu | Monday , 9 Feb '09 17:06:20 PM Reply | Forward i think Raju should not be given priviliged facilities at jail as the crime committed by him is similar to the terrorist attack, an attack on the interest of the stakeholders.
FUTUREBy: prasanth | Wednesday , 28 Jan '09 15:39:27 PM Reply | Forward my God such a lot money..the government should take steps to bring out all the black money in india and show the many hidden faces of black sheep like Raju
its a matter of great pain for IT sector peopleBy: maroof jafri | Wednesday , 28 Jan '09 11:18:31 AM Reply | Forward its really a matter of great pain and sorrow for the people IT sector.As we (indian) was the top on IT sevices but tis fraud brings the great shame for this sector.It will also effect the new incoming project to indian company.New youths who are opting there career in this sector are in great shock.May GOD bring the situation to peace and save the young IT professional from Going to be unemployed
IssueBy: Manoj Desai | Friday , 23 Jan '09 18:51:59 PM Reply | Forward its really a bad time for auditors. Shame on audit teams who not taken care for the responsibility of wrk entrusted to them..
Re: Satyam IssueBy: prashant | Monday , 12 Jan '09 14:03:55 PM Reply | Forward The shareholders may not trust the audited balance sheet of other Companies as well.Tha Board of Directors may have horrible time explaining the details to shareholders at next AGM.and this may not be restricted only to Satyam Group.
SHAME SHAMEBy: naresh | Wednesday , 14 Jan '09 16:41:31 PM Reply | Forward 'satyam' means promise in sanskrit or tamil..Mr.Raju has bought disregard to entire IT Faternity and Satyam should be banned from all operations and government should take over the company and run the operations if deemed fit
condemnBy: jaspreet | Friday , 9 Jan '09 8:05:51 AM Reply | Forward M also really apreciate wid Mr Raju. As he condemn of what he had done wrong. I think in dis materialistic world no one can dare openly like Raju after commiting such kind of fraud. May god rescue him from present situation and fortify him so dat he can escape of dese bad events n do his work wid loyality after dis time>>>>>
are you crazy?By: Sanjay | Wednesday , 20 May '09 17:00:08 PM Reply | Forward jaspreet,have u gone bonkers ? this letter of raju is only for bluffing the law so that he can get his sympathy plea forward. plz grow up and experience the real world ...cheers
ETHICAL BUSINESSBy: MANJU | Thursday , 8 Jan '09 23:34:04 PM Reply | Forward THIS IS A CLEAR LEARNING EXAMPLE HOW ETHICS IN BUSINESS IS VERY IMPORTANT TO HOLD THE SUCESS OF A COMPANY. NEVER THE LATE APPRICIATE THE RAJU FOR HOLDING UP THE TRUTH AND PROVIDING AN OPPURTUNITY FOR EMPLOYEES TO SAVE THE COMPANY. MOST IMPORTANT THING AT THIS POINT IS TO MEET THE CUSTOMER DEAD LINES AND KEEP EMPLOYEE MOTIVATIONS HIGH. THIS IS ALSO A CHALLENGING OPPURTUNITY FOR EVERY EMPLOYEE TO BRING BACK ONE OF THE LARGEST COMPANY TO EARLIER GLORY.
Next1234
Post a Comment
Name:
Email:
Title:
Maximum characters allowed     
Comment:
TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.