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: Not a one man show'

New Delhi: KPMG, which audits the accounts of IT majors like Infosys and Wipro, doubted the veracity of the confessional letter written by B Ramalinga Raju, the founder-chairman of Satyam Computer, saying the financial bungling cannot be done only by the head of the Hyderabad-based firm. "It defies logic  ....Read more

Comments
Post comment
19 Comments |
SatyamBy: Avinash | Sunday , 11 Jan '09 17:06:58 PM Reply | Forward ALL THIS SATYAM SAGA IS SUSPICIOUS. WHY MR RAJU HAS CHOSE THE TIME OF 0900AM TO REVEAL THE FACT WHY NOT 0330PM. ALL THIS IS STOCK GAME WHICH IS ABOVE THE COMMON IVESTORS IMMAGINATION. AND I FEEL GOVERNMENT STAND AGAINST RAJU IS ALSO VERY SOFT.SEE THE NEWS. RAJU MAY BE AVAILABLE AFTER 2DAYS FOR ENQUIRY. SHANTANURAO KIRLOSKAR WAS TAKEN FROM THE HOME WHEN HE WAS 80YEARS OLD BY VP SINGH....
just care for my friendsBy: v.anantha lakshmi | Sunday , 11 Jan '09 12:19:35 PM Reply | Forward this problem is foucsed for any employees.else employees are saved.no need to change they carreer for various company
Re: SathyamBy: T R Anand Rao | Sunday , 11 Jan '09 7:57:25 AM Reply | Forward Iam not sure how much facts/figures will come to light, political clout of Sathyaam may even hamper investigations affecting the criminal proceedings reaching logical end of conviction of the accused (How many?). God alone help this country and his poor investors!!!
WHAT FURTHERBy: G Murali Mohana Rao | Saturday , 10 Jan '09 17:22:13 PM Reply | Forward The investors invest for the development and prosperity of any industry. Mostly they are attracted towards the advertisements and projections made by the industry. The employees dedicate their sincere services for profitable productivity. Further the name and the fame of the industry/establishment will reach every corner of the globe when the corporate executives and the board of directors contribute their wisdom for the purpose.The corporate frauds, in no time, swallow the energy, employment fame, name and what not from the investors and the employees!Hence the Government must look after the investors’ and the employees’ care as normal as, till the enquiry/probe is completed ensuring the productivity is not suffered.
post damage careBy: G BHASKARARAO | Saturday , 10 Jan '09 17:20:29 PM Reply | Forward The investors invest for the development and prosperity of any industry. Mostly they are attracted towards the advertisements and projections made by the industry. The employees dedicate their sincere services for profitable productivity. Further the name and the fame of the industry/establishment will reach every corner of the globe when the corporate executives and the board of directors contribute their wisdom for the purpose.The corporate frauds, in no time, swallow the energy, employment fame, name and what not from the investors and the employees!Hence the Government must look after the investors’ and the employees’ care as normal as, till the enquiry/probe is completed ensuring the productivity is not suffered.
Satyam impactBy: marketman | Friday , 9 Jan '09 15:33:14 PM Reply | Forward From here onwards, only corporate houses of the highest integrity, best regarded corporate governance and ethical standards will enjoy investor support. Expect stocks of "sexy" companies to be liquidated and a flight of capital to trusted corporations. There will be a big churn in the Indian capital market going forward. This will reward the honest will lower priced equity capital and punish the sleazy with low stock valuations.
Ramalinga Raju - FraudBy: SV Sivasubrahmaniam | Friday , 9 Jan '09 13:55:44 PM Reply | Forward May be my innosense to feel like this. I too feel that more than a monetory fraud that to by an individual Mr. Ramalinga Raju there can be some thing else in this fiasco and he himself is getting scapegoatted. I have admiration on him. He has built up this Empire and he himself dethrones it? I do not I am right or wrong.
Satyam SunilBy: Dukkar | Friday , 9 Jan '09 13:37:34 PM Reply | Forward Sunil might not be a green card holder but a poor fellow here who is so frustrated that he has never got a chanve to visit US or Europe
Crime By: SK Nag | Friday , 9 Jan '09 11:40:11 AM Reply | Forward Crime in an open democratic setup is not surprising, but punishment should be examplary. Unfortunately, in India, the legal system is full of flaws, easy going and eveyone including people and system forget. This make the things worst.
Don't throw the baby with the bath waterBy: Manoj | Friday , 9 Jan '09 11:29:20 AM Reply | Forward Indian audit process is far more conservative than American or British. There has been bigger and more frequent scams in USA and UK. We mush punish the corrupt individual. There's nothing wrong with the process and majority of the auditors.
Next12
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.