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Re: They should trace how this could have happened
by TheBestMan InAll on Jan 11, 2009 08:29 PM



Raju had got Bankrupt due to Leverage Real Estate Positions since Sept 2007.

He has been Paying Salaries thru Loans, Which were raised thru declaring Inflated Profits and thus showing the High Premium Stock of Satyam, He holds.

As Cash is Over and Real Estate did not Revive due to lack of Liquidity, He Came out in to Open and Declared his Bankruptcy as well as the Fudging.

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