Recent Event Highlights: Hyderabad News.Maytas Hill County. M Mahesh, California takes IDBI Bank and ... - Exclusive Ventures, Maytas Infra gives details of money trail - Times of India, CNBC: THE SATYAM SCAM, Maytas Hill County Fraud, CNBC WHAT'S HOT: MAYTAS INFRA'S NEW PROMOTER: IL&FS, 3D Walkthrough HD - Maytas Hill county SEZ, Hyderabad INDIA - BRAIN TRUST, and 33 more...
Created by dipity on Feb 17, 2009
Last updated: 09/22/10 at 08:29 PM
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Hyderabad News.Maytas Hill County. M Mahesh, California takes IDBI Bank and ...Exclusive VenturesRole being played by banks in disbursing loans for projects like Maytas Hill County of Maytas Properties is now coming under close scrutiny. ...
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.exclventures.com%2FNews%2FNewslink-10851.asp&usg=AFQjCNGEnOt4ZWYdamdTfrWpBnmA7BHNdw
The Need For Improvement In Indian Corporate Governance Practices: Part IIBar & BenchFor instance, in the Satyam case, Ramalinga Raju, the company's controlling shareholder and chairman, sought to acquire two companies, Maytas Properties and ...
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fbarandbench.com%2Findex.php%3Fpage%3Dbrief%26id%3D718%26title%3DThe%2520Need%2520For%2520Improvement%2520In%2520Indian%2520Corporate%2520Governance%2520Practices%3A%2520Part%2520II%26gn%3D0&usg=AFQjCNFGtAxlcIcpzC-0icTTGqW16c177g
Maytas Infra gives details of money trailTimes of India... after Maytas Infra audit committee chairman Ved Jain, who is also the government-appointed director on boards of Maytas Infra and Maytas Properties, ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Ftimesofindia.indiatimes.com%2Fbiz%2Findia-business%2FMaytas-Infra-gives-details-of-money-trail%2Farticleshow%2F5919346.cms&usg=AFQjCNGPNPjTokYcnnJcxZBMNN-Wtme8RQ
The biggest fraud in the history of corporate India. How did Ramalinga Raju pull it off & what has the Indian government done to contain the damage?
Video of the fraudulent real estate project by Satyam sister company - Maytas Properties. You will see the empty unfinished apartment building and houses that have been in this state for last one year and will remain so for undefined period of time. The govt. sleeps while real estate companies fleece the NRIs.
It's a new dawn for Maytas Infrastructure... The company law board approves IL&FS as the new promoter... IL&FS will make an open offer as per SEBI guidelines & will bring in 55 crores as liquidity for Maytas in 3 months Anil K Agarwal Ved Jain
Maytas Hill County, the flagship project of Maytas Properties is a 376-acre integrated township designed by Skidmore Owings and Merrill. 74 acres of land with a total built up area of 8 million sq. ft, urban design based on sustainable eco-friendly principles. Live life, transcend the borders of attainable excellencego beyond welcome to Maytas Hill County SEZ. Work Smart, Live Well. This project has been created in association with our production partner 3DLabz. Also visit www.3dlabz.com to see more of our 3D walk thru samples. If you have any 3D animation or 3D rendering requirements, please feel free to get in touch with us : Contact Person : J. Muthu Kumaran Cell : +91 98840 92677 Email : jmk@braintrust.co.in / bt.projects@gmail.com www.braintrust.co.in
More than two months into the Satyam fraud case, the Company Law Board on Tuesday heard arguments by Maytas Properties and the Ministry of Company Affairs.
ReutersSatyam buyer may emerge soonReuters - 1 hour agoBO) and Maytas Properties Ltd. "On the basis of the information available, the government finds a strong possibility of the affairs of Maytas Infra Ltd and ...
http://www.reuters.com/article/innovationNews/idUSTRE51G3QX20090217
Moneycontrol.comGovt moves CLB to supercede Maytas boardsMoneycontrol.com, India - 1 hour agoThe government has moved Company Law Board (CLB) to remove the management of Maytas Infrastructure and Maytas Properties. The government said three Maytas ...Govt moves CLB to sack boards of 2 Maytas cos Times Now.tvall 37 news articles
http://www.moneycontrol.com/india/news/business/govt-moves-clb-to-supercede-maytas-boards/385835
Excerpt
...board made a resolution to buy it for $1.3 billion. Mr Thiagarajan, known to be very close to Mr Raju, was the brain behind Maytas Properties’ expansion plan that included building of three IT special economic zones. He also thought of residential projects...
Source Info
Hindu Business Line
http://www.thehindubusinessline.com/2009/02/16/stories/2009021651340300.htm
Nhatky.inSatyam An Aberration in SystemNhatky.in, India - Feb 13, 2009With regard to two companies promoted by Satyam founder Ramalinga Raju’s family — Maytas Infra and Maytas Properties, the minister said that “as per the ...
http://www.nhatky.in/satyam-an-aberration-in-system-2-12323522
SifyWhy Murty sold Satyam sharesSify, India - Feb 11, 2009... by the erstwhile board to acquire Maytas Properties and Maytas Infra, the two companies owned by the kin of B. Ramalinga Raju, Satyam’s former Chairman.
http://sify.com/finance/fullstory.php?id=14855143&?vsv=HP8
FrontlineFar from the truthFrontline, India - Feb 10, 2009Money thus earned came in handy to fund real estate deals of Maytas Properties, Maytas Infra and the ghost companies run by Raju’s kith and kin. ...CID probe into Satyam fraud only to save Raju: Naidu Zee Newsall 140 news articles
http://www.frontline.in/stories/20090227260403300.htm
HinduSatyam business leaders frequently sold stock optionsHindu, India - Feb 7, 2009... “it cannot be proved whether Mr. Murty is aware of the price sensitive decision of the company’s move to acquire Maytas Infra and Maytas Properties when ...Karnik appointed new Satyam chairman domain-BKarnik is Satyam chairman Calcutta TelegraphKarnik appointed head of Satyam board Newstrack IndiaFresh News - Times Now.tvall 334 news articles
http://www.hindu.com/2009/02/08/stories/2009020855431300.htm
Mangalorean.comSupreme Court allows SEBI to quiz Satyam's Raju brothersMangalorean.com, India - Feb 3, 2009The prosecution told the court that he was one of the directors of Maytas Properties, a firm promoted by Ramalinga Raju's son. "He was either a shareholder, ...
http://mangalorean.com/news.php?newstype=broadcast&broadcastid=111368
Times Now.tvMetro man Sreedharan feels vindicatedTimes Now.tv, India - Feb 3, 2009It was Ramalinga Raju's aborted attempt in December 2008 to buy Maytas Infra and Maytas Properties that set off the chain of events that brought him down ...
http://www.timesnow.tv/NewsDtls.aspx?NewsID=28525
Business StandardTN Ninan: Fairy tale warningBusiness Standard, India - Jan 30, 2009The wholly family-owned Maytas Properties was valued at Rs 6700 crore, if you accept the Ernst & Young numbers. If you don’t, and halve that number, ...Fall of an icon FrontlineTension between Raju brothers over Maytas control Times Now.tvGigantic corporate fraud at Satyam Computers deals body-blow to ... The WestenderMangalorean.comall 425 news articles
http://www.business-standard.com/india/news/t-n-ninan-fairy-tale-warning/01/06/347560/
Thaindian.comMaytas director CS Bansal quitsThaindian.com, Thailand - Jan 30, 2009The aborted bid to acquire the two firms - Maytas Infra and Maytas Properties - for $1.6 billion (Rs.79.2 billion/Rs.7920 crore) by Satyam led to ...
http://www.thaindian.com/newsportal/uncategorized/maytas-director-cs-bansal-quits_100149254.html
SifyThe maze that is MaytasSify, India - Jan 28, 2009B. Ramalinga Raju, in the conference call on December 16, 2008 to announce the acquisition of 100 per cent stake in Maytas Properties and 51 per cent in ...Maytas twins FrontlineMaytas likely to win Bhutan hydropower project SamayLiveall 23 news articles
http://sify.com/finance/fullstory.php?id=14846594&?vsv=TopHP1
Zee NewsGovt to make ex-Satyam officials answerable for fraudZee News, India - Jan 28, 2009... the second respondent (Ramalinga Raju) and the person in control of Maytas Properties and Maytas Infra Ltd, who are the sons of second respondent. ...
http://www.zeenews.com/archive/28-01-2009/502453news.html
FrontlineJAYATI GHOSHFrontline, India - Jan 27, 2009This in turn has given rise to numerous scams around land-grabbing and insider deals, of which the one related to Satyam/Maytas is only the latest. ...
http://www.flonnet.com/stories/20090213260308600.htm
Excerpt
...at the SEZ has also run into trouble after the brazen financial fraud at the software firm. “We have an agreement with Maytas Properties for executing building project worth Rs 184 crore. The building was mainly for housing Satyam as Maytas was planning to showcase...
Source Info
Economic Times
http://economictimes.indiatimes.com/News/Economy/Infrastructure/Maytas_Hill_County_SEZ_in_trouble_/rssarticleshow/4034661.cms
Times Now.tvSebi, RBI to brief parliamentary panel on Satyam caseTimes Now.tv, India - Jan 26, 2009... involvement of political personalities in the Satyam case and the other companies promoted by kin of Raju, like Maytas Infra and Maytas Properties. ...
http://www.timesnow.tv/Newsdtls.aspx?NewsID=27687
HinduSatyam: where is the defalcated cash?Hindu, India - Jan 25, 2009What was Rs. 266 on the day when Satyam came up with the idea of acquiring Maytas Properties for $1.3 billion and a controlling stake in Maytas Infra for a ...
http://www.hindu.com/biz/2009/01/26/stories/2009012650701400.htm
Times Now.tvCPM urges Centre to protect jobs of Satyam employeesTimes Now.tv, India - Jan 25, 2009Replying to a question, Yechuri said political nexus was obvious in the Maytas Infra affair. "The question as to why YS Rajasekhara Reddy favoured only one ...
http://www.timesnow.tv/Newsdtls.aspx?NewsID=27594
HinduLand may be the root cause of Satyam scamHindu, India - Jan 24, 2009Besides, promoters of Maytas Infra and Maytas Properties, the two companies that Satyam Board wanted to buy for US $ 1.6 billion, had floated or invested in ...
http://www.hindu.com/2009/01/25/stories/2009012560450900.htm
India TodayLies unlimitedIndia Today, India - Jan 23, 2009Meanwhile, the multiple-agency probe into Satyam affairs is looking into the financial nexus between Satyam and Maytas Infra and Maytas Properties. ...
http://indiatoday.digitaltoday.in/index.php?option=com_content&task=view&&issueid=90&id=26085§ionid=3&Itemid=1&page=in&latn=2
Newstrack IndiaRaju inflated in number of employees: CIDNewstrack India, India - Jan 23, 2009This diverted money was used to invest in Maytas Infra, Maytas Properties and other sister concerns of Satyam. Moreover, Ajay also informed the court that ...
http://www.newstrackindia.com/newsdetails/63912
Calcutta TelegraphBSE chief ill at ease with probe patternCalcutta Telegraph, India - Jan 22, 2009On December 16, Satyam Computer Services stunned the markets and analysts with an audacious $1.6-billion acquisition of Maytas Properties and Maytas Infra ...
http://www.telegraphindia.com/1090123/jsp/business/story_10429669.jsp
Deccan HeraldSecuring property purchaseDeccan Herald, India - Jan 22, 2009Shonali Misra finds out what's required, from the experts The general feeling about property purchase these days — notwithstanding Maytas and co. ...
http://www.deccanherald.com/Content/Jan232009/realty20090122114012.asp
Times Now.tvWe created 10K fake jobs: Satyam’s CFOTimes Now.tv, India - Jan 21, 2009... confessed to having not only diverted Satyam money to Maytas Infra and Maytas Properties, but also invested in lands in Hyderabad and Visakhapatnam. ...
http://www.timesnow.tv/NewsDtls.aspx?NewsID=27221
Gulf TimesSatyam’s new board seeks emergency fundGulf Times, Qatar - Jan 21, 2009... adding no decision was, however, taken on bypassing the boards of Maytas Properties or Maytas Infrastructure, also promoted by the Raju family. ...
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=268017&version=1&template_id=40&parent_id=22
Business StandardMaharashtra cancels Maytas contractBusiness Standard, India - Jan 21, 2009Answering another question, he said, “It is a fact that MADC Chairman RC Sinha was also chairman of another Satyam group company Maytas Properties and, ...
http://www.business-standard.com/india/news/maharashtra-cancels-maytas-contract/00/17/346782/
Hindu Business LineSatyam management restrained from selling propertiesHindu Business Line, India - Jan 21, 2009When asked whether the Government has moved any petition before the CLB seeking to supersede the Boards of Maytas Properties and Maytas Infra, Mr Gupta said ...Bar on share sale by Raju Calcutta TelegraphSatyam founders asked to furnish bank, asset details Fresh Newsall 41 news articles
http://www.thehindubusinessline.com/2009/01/22/stories/2009012252020200.htm
Excerpt
...the extent of projects awarded to Maytas Infra and submitted us a report,” he said. Meanwhile, both Maytas Infra Ltd and Maytas Properties, in separate statements today said that they have not received any funds belonging to Satyam as being widely perceived. “Maytas...
Source Info
Hindu Business Line
http://www.thehindubusinessline.com/2009/01/21/stories/2009012151070200.htm
The UPA government has ordered a serious fraud probe into Ramalinga Raju's family promoted Maytas Properties and Maytas Infrastructure.
Excerpt
...Computer Services [Get Quote] improperly used a valuation of Maytas Properties done by Ernst & Young for its merger with the disgraced information technology company, the professional services firm has alleged. In the minutes of the December 16 meeting of...
Source Info
Rediff
http://www.rediff.com/rss/redirect.php?url=http://www.rediff.com/money/2009/jan/20satyam-used-maytas-evaluation-improperly-says-ernst-and-young.htm
It now seems virtually confirmed that there was an illegal transfer of funds between Ramalinga Raju's Satyam and the companies owned by his sons, Maytas Infrastructure and Maytas properties. More evidence also coming in of how India's biggest financial fraud unfolded, including forgery of fixed deposit receipts.
Excerpt
...The wheels of the State administration finally began moving on Friday to verify whether Maytas Properties really had a land bank of 6,800 acres as it claimed at the meeting of the Board of Directors of the scam-tainted Satyam Computers on December 16. Former...
Source Info
The Hindu
http://www.thehindu.com/2009/01/17/stories/2009011750210100.htm
Excerpt
...economic downturn and slump in real estate have hit the company hard. The December 16 Satyam board decision to acquire Maytas Properties, in retrospect, was a bailout. Interestingly, Mr K. Thiagarajan, CEO of Maytas Properties, informed the board meeting that...
Source Info
Hindu Business Line
http://www.thehindubusinessline.com/2009/01/17/stories/2009011751390300.htm
Excerpt
...said a person privy to the development. The audit firm’s spokeswoman declined to comment. Both Maytas Infra and Maytas Properties did not respond to e mail queries sent by ET. E&Y does not audit the subsidiaries of Maytas Properties. It is also not the internal...
Source Info
Times of India
http://economictimes.indiatimes.com/News/EY_may_snap_ties_with_Maytas/rssarticleshow/3974770.cms
Excerpt
...industry players and experts Fe spoke to concurred on one thing: the Satyam fiasco will not only affect Maytas Infra and Maytas Properties, but would also cast a dark shadow on the entire business community in India. The real estate and infrastructure industry...
Source Info
Expressindia.com
http://www.financialexpress.com/news/The-going-will-get-tough-for-Maytas-now/407938/
Excerpt
...house a star hotel and luxury apartments. Project partner ICICI is believed to have disengaged itself from the project but Maytas Properties spokesperson denied it on Wednesday. But giving Ramalinga Raju sleepless nights is not the downward real estate market...
Source Info
Economic Times
Related Topics
http://economictimes.indiatimes.com/Infotech/Software/Was_Maytas_rail_plan_Rajus_main_worry/rssarticleshow/3866224.cms
Excerpt
...standards they maintain in their projects. But more than that, they are known for being `Satyam backed organisations'. Maytas Properties is just about five years old and is known largely for its flagship project, Maytas Hill County, which is coming up over...
Source Info
Times of India
Related Topics
http://timesofindia.indiatimes.com/Analysts_raise_question_over_valuation_of_Maytas/rssarticleshow/3859149.cms
Excerpt
...$1.3 billion for the 100 per cent stake in Maytas Properties and $300 million for the 51 per cent stake in Maytas Infra. Maytas Properties would be acquired immediately. However, Satyam would pick up 31 per cent from the promoters of Maytas Infra and make...
Source Info
The Hindu
Related Topics
http://www.thehindu.com/2008/12/17/stories/2008121757021700.htm
Excerpt
...our associates, said Mr K. Thiagarajan, CEO of Maytas Properties, a company promoted by the founders of Satyam Computers. Maytas Properties, which has invested up to Rs 300 crore in developing 3 million sq. ft. around Hyderabad, has projects in the pipeline...
Source Info
Hindu Business Line
http://www.thehindubusinessline.com/2007/12/22/stories/2007122250850300.htm
Excerpt
...major about 180,000 sq.ft , all in Madhapur. The biggest investment/sale has been the ICICI Ventures, Nagarjuna Constructions & Maytas Properties purchase of approximately 5 acres in Jubilee Hills at Rs 23,695 per sq.m. © 2006, The Hindu Business...
Source Info
Hindu Business Line
http://www.thehindubusinessline.com/2006/05/06/stories/2006050603171900.htm
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