Posts Tagged ‘satyam’

What the hell: Satyam has 40,000 employees instead of 53,000

January 22nd, 2009 by Manpreet | No Comments | Filed in India, business

I do not what to say but this one is more shocking than satyam scam itself. In the Satyam scam, the Rajus have confessed to having forged the company’s fixed deposits documents, diverting as much as Rs 20 crore monthly from the IT company.

(more…)

Tags: , , ,

Satyam’s high profile Raju brothers finally arrested in AP

January 9th, 2009 by Manpreet | No Comments | Filed in Onsite News


In a fraud which could easily be termed as monther of all I-T scams in India Andhra Pradesh CID has finally arrested the Raju brothers to probe the biggest IT fraud in India.

(more…)

Tags: , , ,

Raju may get a 10 year jail for playing with 53000 employees

January 7th, 2009 by Manpreet | No Comments | Filed in India, tech news


In our last post we uncovered the biggest corporate fraud in the history of India of Rs.8000 crore which could lead Satyam eventually shutdown its doors for the world. Amidst these speculations in this post I shall share the reactions from top Indian media about actions and reactions against Raju. (more…)

Tags: , ,

Satyam Chairman’s New Year Shocker to Indian Software Industry

January 7th, 2009 by Manpreet | No Comments | Filed in India, tech news


In a shocking news which Arun Kejriwal rightly describes as the black day for India, software sector, corporate governance and which could turn out to be the biggest setback for corporate India, Satyam Chairman Ramalinga Raju has resigned from the chairman’s post claiming about bogus company  bank balance. (more…)

Tags: , ,