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Satyam Fraud

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Tightening satyam case

Aug 10, 2009 9:00 AM

There is another U-turn in Satyam scam. Government is planing to let one investigating agency to file the other chargesheets be it criminal law or violation of company law.Now CBI will file charges...

Satyam, Maytas will be prosecuted

Aug 8, 2009 1:43 AM

Excerpt ...money. Speaking to reporters on the sidelines of a Assocham event, the minister said prosecution in the multi-crore Satyam fraud case would be carried on an urgent basis. "The core i...

Mahindra Satyam: No total biz turnaround yet

Aug 3, 2009 5:13 AM

Excerpt ...than doubled since April 13 when Tech Mahindra -- majority owned by Mahindra & Mahindra -- won a competitive bidding to acquire fraud-hit Satyam. However, brokerage CLSA said in a r...

Satyam fraud shatters Geelongs Silicon Valley dreams

Aug 3, 2009 2:18 AM

Excerpt ...Silicon Valley dream for the Australian city of Geelong were shattered when the massive accounting fraud with its potential partner, Indian IT giant Satyam surfaced in January this y...

Mahindra Satyam turns profitable for L&T

Jul 28, 2009 12:12 PM

Excerpt ...the bourses. In December 2008, L&T Capital, a subsidiary of L&T, had picked up a 3.95 per cent stake in Satyam, a little before Satyam’s founder-chairman, Mr Ramalinga Raju, made his...

Mahindra Satyam stock breaches Rs 100 mark

Jul 23, 2009 11:32 AM

Excerpt ...temporarily halted trading in Satyam ADRs. Brokerages, domestic and overseas, stopped their coverage of the stock following the fraud. SEBI, the Company Law Board and the Serious Fr...

CBI probing 'Hawala' racket in Satyam fraud case

Jul 23, 2009 6:41 AM

Excerpt ...in crores of rupees from abroad. CBI sources said involvement of hawala operators had surfaced during its probe in Satyam fraud since a lot of money was siphoned off from the compan...

India's fraud-hit Satyam to restate accounts

Jul 16, 2009 5:15 AM

Excerpt ...for the quarter ending December 2008. Several equity research firms have dropped Satyam from their investment radar since the fraud. Satyam, India's fourth-largest software exporter,...

Auditors face charges in Satyam fraud

Jul 1, 2009 7:42 PM

Excerpt ...at Satyam Computer Services Ltd. However, according to CBI, the Satyam affair was a rarest of rare case where a gigantic fraud was perpetrated by the management with active connivanc...