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Just enough cash for Dec salaries, says Satyam

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    • ENS Economic Bureau Tags : satyam, fraud Posted: Friday , Jan 09, 2009 at 0304 hrs

    Some time before midnight, Raju’s lawyer issued a statement saying his client was indeed in Hyderabad, and was “amenable to the process of law.” “My client Ramalinga Raju denies reports that he has fled from the country,” lawyer S. Bharat Kumar said.

    FULL COVERAGE, P 17

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    Satyam SalariesBy: DVS | 09-Jan-2009 Reply | Forward They should device a payment mechanism until the fiasco is resolved. The lower paid and hard working employees should not have to additionally worry of basic expenses. The government should step in to help. One example is to pay a minimum salary with a cap of 30000 to cover expenses. Salaries of the highly paid can be put on hold as they are so called in responsible positions.
    Satyam fiascoBy: Dr B Sundara | 09-Jan-2009 Reply | Forward It is better the Indian Govt. steps in and takes over the company and entrusts it to some reputed IT firm to run it. Meanwhile, surprise audit of all the corporate houses should be initiated to find out whether such financial irregularities are going on.
    ??By: Sandeep R. | 09-Jan-2009 Reply | Forward please understand the subject matter before you give suggestions.
    Satyam fiascoBy: Dr B Sundara | 09-Jan-2009 Reply | Forward Well truly I don't understand much how copanies work.But I can certainly feel the fraud committed.Subject matter specialists can suggest apprpriate measures to avoid such frauds in future.
    Suject matter is fraudBy: Raj | 09-Jan-2009 Reply | Forward Sndara, good resposne to Sandeep. Subject matter is fraud by most companies to sell more shares at a higher rate.
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