Corporate Law : Explore the lessons from Satyam Computers and Enron scandals, their impact on corporate governance, and the role of transparency. ...
Finance : Explore Satyam and PNB scandals in India's corporate world and how government agencies like CBI, SFIO, and ED played a pivotal rol...
Company Law : Satyam fraud case serves as a cautionary tale that highlights the importance of corporate governance and the responsibilities of t...
Company Law : Satyam Case is a tale of irony in the name of the company. The word ‘Satyam’ means truth whereas the Satyam Case is about the ...
CA, CS, CMA : It is ripe time for ICAI to take initiative and show leadership in conveying and educating the investors, regulators and other sta...
CA, CS, CMA : The gloves are off in the fight between the Union Government and Opposition on who is helping scam-tainted Satyam Computer Service...
CA, CS, CMA : Tainted Satyam auditor Price Waterhouse heads for a disgraceful exit as the new board of the IT Company is believed to have initia...
CA, CS, CMA : The suitors seeking to take over the scam-hit Satyam Computers will not be able to go through the restated financial statement or ...
CA, CS, CMA : The cup of woes for B Ramalinga Raju seemed to be full as income tax officials drove down to the Chanchalguda jail on Thursday and...
CA, CS, CMA, Finance : PwC’s unqualified opinions of Satyam’s financial statements were materially false and misleading… as an accounting expert wh...
The high power committee of the Institute of Chartered Accountants of India (ICAI) on Wednesday submitted its interim report on the financial scam of Satyam Computer Services. ICAI said the report is interim in nature since restatement of accounts of Satyam is in progress and is expected to take another two months to complete. ICAI […]
MUMBAI: The “cleaning up” or restating of scam-tainted Satyam’s accounts is expected to take at least six months as the newly-appointed auditing firms will have to scrutinise the company’s fudged numbers back to 2002, a top source said. “Efforts to restate the accounts are progressing rapidly. The Board expects this task to take at least […]
All the Central investigating agencies have now swung into action by petitioning a city court to grant them permission to question in jail the accused in the Satyam fraud. The Income-Tax Department on Monday petitioned the court to allow it to interrogate the former chairman of Satyam Computer Services, B. Ramalinga Raju, alone. The Securities […]
Maytas Infra on Monday said three of its promoters, including Ramalinga Raju and Rama Raju, have pledged their entire holding of 15.14 per cent in the company to lenders. Ramalinga Raju, the former Chairman of fraud-hit Satyam Computer, has pledged his entire holding of 48.54 lakh shares representing 8.25 per cent of the paid up […]
The Income-Tax department has mobilised a large number of staff members from its local offices for a comprehensive investigation into the fraud in Satyam Computers. A top official said the staff will join duty in a day or two following the IT Chief Commissioner’ s orders earlier this week. He said the investigations would not […]
The Serious Fraud Investigation Office (SFIO) has initiated probe against 25 individuals and 325 companies related to Satyam. That includes Pricewaterhouse Bangalore, the auditors of the firm. At a time when the government is acting against the auditor in this case, the question that arises now is, will the ICAI act?
After a crucial two-day board meet, the six-member Satyam Computer Services board appointed by the government named AS Murty as the new Chief Executive Officer of the beleaguered firm. AS Murty was formerly, Head, Delivery and Leadership Development of Satyam.
The Income Tax Department, one of the investigating agencies probing the Satyam fraud case, has asked the Hyderabad Police for documents related to purchases and investments by the firm’s former Chairman Ramalinga Raju.
Even as Sebi officials are quizzing Satyam Computer founder B Ramalinga Raju and his brother Rama Raju at the Chanchalguda jail here, the Andhra Pradesh police are likely to make more arrests in the Rs 7,800 crore fraud involving the IT major. CID officials investigating the case have not ruled out more arrests in about […]
Larsen & Toubro (L&T) on Wednesday said the company was against an e-auction process to determine a suitable buyer for Satyam Computer Services. Satyam is not a commodity so that buyers can opt for an e-auction platform to buy it. It is a public listed company and we would not prefer an e-auction of the […]
