4 ms·
India's Madoff? Satyam Scandal Rocks Outsourcing Industry
- paraschopra 18y agoMadoff and Ponzi sure are the new buzzwords :)
- nirmal 18y agoI can't wait until we see our first rockstar Madoff. :)
- somnambulist 18y agoThat man Raju (CEO) is one of the biggest conman India has seen in recent times. How could he do that? I've been following the news here in Bangalore, and its so sad especially to realize the helplessness of the employees.... He should be put behind the bars!!! Imediately!!!!
- known 18y ago1. Rs 7000 crores is missing from Satyam 2. CEO Ramalinga Raju has admitted that he committed fraud And yet Satyam interim CEO Ram Mynampati has not filed any police case against either Ramalinga Raju or Satyam Auditors. Mr Ram Mynampati seems to be a co-conspirator to this fraud.
- known 18y agoTp prevent such frauds in future, all stock exchange listed companies in India must comply with RTI Act (Right To Information Act). In Bangladesh all listed companies comply with their RTI Act. http://en.wikipedia.org/wiki/RTI_Act http://en.wikipedia.org/wiki/RTI_Act