Satyam Scam
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Ramalinga Raju: From Brushing Shoulders with Bill Clinton to Prison Cell
B Ramalinga Raju, the former chairman of Satyam Computer Services (SCSL) who had had the privilege of meeting former US President Bill Clinton, will now have to share a prison cell as a convict in India's biggest corporate fraud.
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Court Sets Final Date For Verdict in Satyam Fraud Case
A special court here trying the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL) today said it will pronounce its judgement in the CBI-probed case on April 9.
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Much-Awaited Verdict in Satyam Fraud Case Likely Today
A special court is, today, slated to pronounce in Hyderabad the much-awaited judgement in the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL).
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Andhra government assigns local court for Satyam scam trial
Paving the way for Enforcement Directorate (ED) to proceed with the Satyam scam case, the Andhra Pradesh government has issued an order designating a local court trying the multi-crore accounting scandal as the sessions court for the purpose.
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Hyderabad gets closer to its Metro, funding in place
L&T Metro Rail (Hyderabad) Ltd (L&TMRHL) Tuesday announced that it had achieved financial closure for the Rs.16,375 crore Hyderabad metro rail project, described as the largest ever fund tie-up in India for a public private partnership.L&TMRHL Chairman Y.M. Deosethalee told a news conference here that the financial closure for the 71-km...
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Satyam scam: Ramalinga Raju to surrender today
Former Satyam Chairman B Ramalinga Raju is expected surrender today after the Supreme Court on Tuesday rejected his plea seeking more time to surrender.Last month, the apex court had cancelled Raju's bail and that of the five co-accused. The court had also directed Raju and the others to surrender by November 10. Raju is the main accused in the Rs ...
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Supreme Court cancels bail for Satyam's Raju
The Supreme Court on Tuesday cancelled the bails granted to Satyam Computer founder B Ramalinga Raju, his brother B Rama Raju and four others by the Andhra Pradesh High Court in the Rs 14,000 crore accounting fraud. Hearing the CBI plea, a Supreme Court bench comprising Justices Dalveer Bhandari and Deepak Verma cancelled th...
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Will Satyam ex-chief Raju's bail be cancelled?
The Supreme Court has issued notice to former Satyam chief, B Ramalinga Raju, asking why his bail should not be cancelled.The CBI, which in investigating the Satyam scam, has asked for Raju's bail to be cancelled. Raju was granted bail by the Andhra High Court in August.He surrendered to the police in January 2009, by which time he had been r...
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Satyam scam and the politics around it
The fireworks started even before the debate on Satyam fraud began inside the Andhra Pradesh Assembly. Telugu daily `Sakshi' owned by Chief Minister Y S Rajasekhar Reddy's son Jagan published a front-page item on Monday alleging that Chandrababu Naidu's son Lokesh's foreign education bill of up to Rs 25 crore was paid by Satyam. ",He is my only ...
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US authorities in India to probe Satyam scam
A high-level delegation from the US, Securities and Exchange Commission, is in India to meet capital market regulator SEBI and Satyam board in the next two days to gather information on the Satyam scandal. After the confession of B Ramalinga Raju, US investors have filed over a dozen lawsuits against the company in various US courts. Satyam Compu...
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SEBI board meet to take stock of Satyam fiasco
Capital market regulator Securities and Exchange Board of India (SEBI) will hold its Board meeting on Wednesday, an official said. It is, however, understood that the Board meet, the first after the Satyam scam, would discuss the issue in detail.
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PricewaterhouseCoopers employees asked to disperse?
The Satyam scam is undoubtedly having far reaching ramifications not just on how corporate frauds are perpetrated but also the conduct of the auditors.
-
Satyam case: Three more arrested
The CBI, investigating the Satyam financial fraud, arrested three employees including a top executive of the IT firm last night.
-
Ramalinga Raju: From Brushing Shoulders with Bill Clinton to Prison Cell
B Ramalinga Raju, the former chairman of Satyam Computer Services (SCSL) who had had the privilege of meeting former US President Bill Clinton, will now have to share a prison cell as a convict in India's biggest corporate fraud.
-
Court Sets Final Date For Verdict in Satyam Fraud Case
A special court here trying the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL) today said it will pronounce its judgement in the CBI-probed case on April 9.
-
Much-Awaited Verdict in Satyam Fraud Case Likely Today
A special court is, today, slated to pronounce in Hyderabad the much-awaited judgement in the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL).
-
Andhra government assigns local court for Satyam scam trial
Paving the way for Enforcement Directorate (ED) to proceed with the Satyam scam case, the Andhra Pradesh government has issued an order designating a local court trying the multi-crore accounting scandal as the sessions court for the purpose.
-
Hyderabad gets closer to its Metro, funding in place
L&T Metro Rail (Hyderabad) Ltd (L&TMRHL) Tuesday announced that it had achieved financial closure for the Rs.16,375 crore Hyderabad metro rail project, described as the largest ever fund tie-up in India for a public private partnership.L&TMRHL Chairman Y.M. Deosethalee told a news conference here that the financial closure for the 71-km...
-
Satyam scam: Ramalinga Raju to surrender today
Former Satyam Chairman B Ramalinga Raju is expected surrender today after the Supreme Court on Tuesday rejected his plea seeking more time to surrender.Last month, the apex court had cancelled Raju's bail and that of the five co-accused. The court had also directed Raju and the others to surrender by November 10. Raju is the main accused in the Rs ...
-
Supreme Court cancels bail for Satyam's Raju
The Supreme Court on Tuesday cancelled the bails granted to Satyam Computer founder B Ramalinga Raju, his brother B Rama Raju and four others by the Andhra Pradesh High Court in the Rs 14,000 crore accounting fraud. Hearing the CBI plea, a Supreme Court bench comprising Justices Dalveer Bhandari and Deepak Verma cancelled th...
-
Will Satyam ex-chief Raju's bail be cancelled?
The Supreme Court has issued notice to former Satyam chief, B Ramalinga Raju, asking why his bail should not be cancelled.The CBI, which in investigating the Satyam scam, has asked for Raju's bail to be cancelled. Raju was granted bail by the Andhra High Court in August.He surrendered to the police in January 2009, by which time he had been r...
-
Satyam scam and the politics around it
The fireworks started even before the debate on Satyam fraud began inside the Andhra Pradesh Assembly. Telugu daily `Sakshi' owned by Chief Minister Y S Rajasekhar Reddy's son Jagan published a front-page item on Monday alleging that Chandrababu Naidu's son Lokesh's foreign education bill of up to Rs 25 crore was paid by Satyam. ",He is my only ...
-
US authorities in India to probe Satyam scam
A high-level delegation from the US, Securities and Exchange Commission, is in India to meet capital market regulator SEBI and Satyam board in the next two days to gather information on the Satyam scandal. After the confession of B Ramalinga Raju, US investors have filed over a dozen lawsuits against the company in various US courts. Satyam Compu...
-
SEBI board meet to take stock of Satyam fiasco
Capital market regulator Securities and Exchange Board of India (SEBI) will hold its Board meeting on Wednesday, an official said. It is, however, understood that the Board meet, the first after the Satyam scam, would discuss the issue in detail.
-
PricewaterhouseCoopers employees asked to disperse?
The Satyam scam is undoubtedly having far reaching ramifications not just on how corporate frauds are perpetrated but also the conduct of the auditors.
-
Satyam case: Three more arrested
The CBI, investigating the Satyam financial fraud, arrested three employees including a top executive of the IT firm last night.
