Satyam's Foul Play

anuragjain199

NEW MOVIE RAJU BAAN GAAYA CHOR......................................... GOVIDA WILL BE HERO IN CHOR NO1...................................

ed1968

bribery and corruption route cause of satyam case

sirisha6788

the new ceo of satyam will be able to cope with the present situation?

ballu

Why blame Satyam alone?

There are numerous other companies who are openly indulging in the same activities, still the government is unwilling to take action.

Just too many skeletons will come out if that begins to happen.

Who will bell the cat :-)

ruhi28

well, it is a hugeissue that has dented corporate India's image but pls remember we are bewilderd just b'cos it is the first of this type in country.Look at other big countries n each has a couple of them. so,it is only tempering image temprorily.Believe in our regulatory procedures n u will see that it gets resolved.

tazeentaj

dear all
this is a brief profile of raju
Ramalinga Raju Byrraju born on
16th sep,1954 in a family of farmers

In Bhimavaram town of Andhra Pradesh

He was an average student in class

He completed his (B. Com) degree in 1975 from Andhra Loyola College at Vijayawada
Raju's father, was one of the first farmers to start commercial grape production in Hyderabad.

The agribusiness' profits also went a long way in educating Ramalinga, the eldest son.

Ramalinga's childhood was pretty much typical of an upper middle class Hyderbadi family
He did his MBA from Ohio University, USA. trip to the US for his education changed his destiny

Back to India in 1977 and initially developed a textile industry named Sri Satyam.

Then he ventured into real estate business under the name Satyam Constructions
tazeen

vikrantverma

i know whatever hapened in SATYAM was shameful notonly for SATYAM, but also for INDIAN AUDIT dept. and else.
i m not in favour of what RAJU did, but just wanna give his viewpoint on the situation.
the things in support of his decision are:-
1) he was dying for the aquisition of MAYTAS, if the aquision had takebn place RAJU would have easily filled the broad gap b/w real and fictitious assets of SATYAM COMPANY.
2) he never used even a single penny from the money for personal use.
3) he pledged his 5% stake in the company 2 FII and the money generated, was put into the company by him as capital.

niraj_hattangdi

its very shameful to see frauds of such a giant..

vikassahai

There were news which said that pwc would also be penalized if found guilty....what happened to that?

gpuneetg

Its a real disaster for the thousands of well educated professionals who were working with this organisation and are left with no job.