Comments on: Satyam's pack of lies crumble

By: Ramalinga Raju - The fraud King « A load of crap from an idle brain

Ramalinga Raju - The fraud King « A load of crap from an idle brain — Wed, 07 Jan 2009 13:16:09 +0000

[...] previous take on the Satyam-Maytas deals here, [...]

By: Mohan

Mohan — Wed, 07 Jan 2009 10:12:20 +0000

KluFlux used harsh words calling somebody a clown and lauded Satyam for being intelligent!

After the current disclosure of fraud, what will be the comment?

God bless people who still believe corporate governance!

By: Anonymous

Anonymous — Wed, 07 Jan 2009 10:10:37 +0000

Even a dumb extinct DoDo would have found such details in a Balance sheet and PwC was sleeping.

By: Janit

Janit — Wed, 07 Jan 2009 07:37:02 +0000

It is at http://www.satyam-news.blogspot.com

By: Janit

Janit — Wed, 07 Jan 2009 07:36:17 +0000

Check out my blog for the original copy of Ramalingam Raju’s resignation

By: The Satyam Fiasco – One of Many to Come? « The Quirky Indian

The Satyam Fiasco – One of Many to Come? « The Quirky Indian — Wed, 07 Jan 2009 07:16:29 +0000

[...] Check out Liju’s interesting post on how Satyam kept lying about the Maytas [...]

By: sunitha

sunitha — Mon, 05 Jan 2009 09:03:55 +0000

Hi,
Am a journalist based in Hyderabad and am tracking developments related to satyam. Am just curious to know who this Mahesh is? can anyone provide me his contacts please?

By: KluFlux

KluFlux — Wed, 31 Dec 2008 16:31:29 +0000

this Mahesh seems to be a clown!! all folks in any consulting company that they have formed, would make money. How can they siphon-off something which is their own (between the various investors in the first place).
Making money out of a business at the right time is intelligence (like Hotmail, Orkut etc)…it is not fraud.
Private blogs and opinions cannot be placed as an evidence against somebody.
These people Mahesh claims to have spoken are all phoney and if it is anything worth to go public, why is it a matter of time? Publish it to the SEBI folks — they would take action. Pass it on to the World Bank folks and US government SEC, they would nail the culprits. All these dont happen because these allegations are absolutely false and baseless.
Go, have some sleep and start thinking sober — Satyam is a company which has been portrayed an underdog and constantly delivered on its results. Even in this case of turmoil, it still is considered a good-buy. The people who run are not nuts to amass 5400 crores INR if they were incompetent and siphoning off.
If the investment was made in another company like say DLF or some other ABC then the noise would have died down a few days later but since it was Promoter owned, the parties with personal interests are creating noise.
Allow satyam to run its business, it has been and will continue to make money for India in Software Services, whether one likes it or not

By: Gaurav

Gaurav — Wed, 24 Dec 2008 18:53:19 +0000

Pl also see a detailed analysis of the issues in:
http://blogs.livemint.com/blogs/initial_private_opinion

By: Mahesh

Mahesh — Tue, 23 Dec 2008 22:30:10 +0000

Hi Sidharth,

Google Satyam Enterprise Solutions and you can read the whole story in detail on several blogs. Since you claim to have worked in Renaissance, are you aware of how much Prabhat and his gang have siphoned over the years from Satyam?

This is old news. Latest is the World Bank Fiasco which is something that happened over a long period of time. This fraud was actually designed and executed by Mr. Ram Mynampati and his direct report Raj Asava. I have spoken to several Satyamites who confirm that there are emails linking several senior executives like T. Hari, Prabhat and Shailesh directly to this fraud.

It is only a matter of time before this trickles out slowly.