When will they learn?

The Bhopal gas tragedy, the 1984 Sikh riots, the Bombay riots, the Gujarat riots, various corporate and stock market scandals (Harshad Mehta, Ketan Parekh) are just a few examples where the Indian judicial system as well as successive governments have failed miserably. Today’s news reports that 5 people involved in the Satyam scam have been…

The Satyam shocker continues…

After all its not all what it seems it is.  Even though Ramalinga Raju tried to put up an innocent face in the resignation drama and has tried to take all the blame himeslf, it doesnt still seem to add up.  Its always been suspected that Raju was never interested in the IT field and…

Ramalinga Raju – The fraud King

Close on the heels of the Bernie Madoff Ponzi scam in the US, Ramalinga Raju has tarnished the Indian industry with a scam that has been running for years. The Satyam balance sheet was inflated by Rs 5040 crores.  To control it, he even took Rs 1230 crores worth of loans.  What started off as…

Satyam pack of lies crumble

The Satyam mountain of lies crumble in face of evidence.  As per Ramalinga Raju, a big 4 consulting company had advised the management on the Satyam-Maytas deal.  All the top 4 consulting firms (Pricewaterhouse Coopers, Deloitte, Ernst & Young and KPMG) have now denied being a part of the deal. Satyam’s valuation of unlisted Maytas…

Satyam’s pack of lies crumble

The Satyam mountain of lies crumble in face of evidence.  As per Ramalinga Raju, a big 4 consulting company had advised the management on the Satyam-Maytas deal.  All the top 4 consulting firms (Pricewaterhouse Coopers, Deloitte, Ernst & Young and KPMG) have now denied being a part of the deal. Satyam’s valuation of unlisted Maytas…

The Satyam – Maytas flip flop

Wonder what’s up with Ramalinga Raju? Wonder what was running through his mind when he decided to buy into the infrastructure and real estate firm, Maytas run by his sons.  Satyam is a unique company in a way that the promoter group holds less than 10% stake and private investors hold a majority stake in…