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...
HYDERABAD: Fraud-hit Satyam Computer Services Ltd’s new board has appointed KPMG and Deloitte as the company’s new auditors, replacing PricewaterhouseCoopers, two newly appointed members of the board said on Wednesday.”Yes, they have been appointed,” said Deepak Parekh.
Indian Government which dissolved the whole satyam board not sure if its to safeguard Satyam Computers or the Satyam involved in the Satyam Computer services fraud.It informed that they have appointed the first 3 members of the 10 Member board and its appointed by the Ministry of Corporate Affairs.They will first form the Board of […]
When it rains, it pours. The Central Board of Direct Taxes (CBDT) has launched an investigation into Satyam Computer Services, joining a growing list of authorities investigating the company whose fate hangs in the balance following an admission of financial irregularities by its founder-chairman. The company, which is likely to be issued with a show […]
Price Waterhouse, the statutory auditor to Satyam Computers, on Thursday said that their audits of Satyam’s books were conducted in accordance with auditing standards. “Over the last two days, there have been media reports with regard to alleged irregularities in the accounts of Satyam Computer Services. The audits were conducted by Price Waterhouse in accordance […]
The government on Thursday ordered a probe into all the eight companies promoted by Ramalinga Raju, the former chairman of Satyam Computer Services. Raju had on Wednesday admitted to cooking up books of Satyam, India’s tier one IT services company.Hyderabad. Declining to give a direct answer on the possibility of appointing government directors on the […]
The chairman of Satyam Computer Services was arrested on Friday on charges of cheating and forgery, and the government dissolved the outsourcer’s board as authorities moved to limit fallout from India’s biggest corporate scandal. Chairman Ramalinga Raju, who resigned on Wednesday after revealing years of accounting fraud, was expected to appear before the market regulator […]
The Satyam fraud is not the sole brush with infamy for Pricewaterhouse, one of the world’s top auditing firms. Pricewaterhouse is already in deep trouble in relation to its suspect auditing of the collapsed Global Trust Bank, for which it is being probed by the disciplinary committee of the Institute of Chartered Accountants of India […]
The Institute of Chartered Accountants of India (ICAI) will not spare the auditors of Satyam Computer Services if they are found to be guilty. It could even debar them from the profession. ICAI president Ved Jain said, “The disciplinary committee of the institute will lead the investigation and will ask for documents pertaining to Satyam’s […]
The ministry of Corporate Affairs is looking into the statement sent by Ramlinga Raju to stock exchanges admitting fraud in Satyam’s accounts. “If the message was true and a fraud has happened in Satyam it is very shameful. It should not have happened,” Corporate Affairs inister Premchand Gupta told reporters on Wednesday . The corporate […]
The chairman of India’s Satyam Computer Services Ltd. quit Wednesday after admitting the company’s profits had been inflated for several years, sending shares of the software services provider plunging by more than 70 percent. The news dragged down the benchmark Sensex stock index 7.3 percent to 9,594.47. The company’s balance sheet was loaded with “fictitious” […]
