Re: satyam will be back with a bang...
by Rajesh Shriram on Jan 14, 2009 02:32 PM
good preeti..i am impressed with your words..good what an attitude..definitely satyam will be back..
Re: Re: satyam will be back with a bang...
by sundar on Jan 14, 2009 02:40 PM
Yes. but all those found guilty for this from raju to politicians to civil service should all have their backs turned against bulls in the jail.
Re: satyam will be back with a bang...
by lostfound on Jan 14, 2009 02:57 PM
Back with a bang... but for how long do u expect it to happen. 1,2 or more....will u as a investor or an employee stick with this company for so long with little financial aid given..
Re: satyam will be back with a bang...
by Jai Hind on Jan 14, 2009 03:08 PM
I don't agree with you. I would prefer Satyam go down the DRAIN. I large set of people need "lesson of their life".
Re: satyam will be back with a bang...
by Super Star on Jan 14, 2009 03:21 PM
You will have to wait for re-stated financial statements. Then only you will come to know whether the company is bankrupt or not. Then one can think of revival / closure etc. Till then, it is all wild speculations. Mere induction of eminent persons on the Board cannot solve Satyam's legacy of problems.
Raju seems to have taken a lesser sin route by his confession. With PWC statement that they have physcially verified FDRs with banks in the audit, now everything points at siphoning of the money and cooking up story of overinflating the funds position. White collar crooks are always smarted that ordinary crooks. So no bailout should be planned until the siphoned amount is tracked. In all probability it must have been invested in the Real Estate procurement of Maytas.
Re: No doubts that the crook Raju has bluffed in his confession
by Super Star on Jan 14, 2009 03:25 PM
Not necessarily. It shows that Raju and his crooked team might have forged Bank FD receipts. After all, it was a Computer Software company and must be having the latest desktop publishing software!!! It is my strong belief that Raju has forged FD receipts of banks. If he had siphone off the funds, then he would not have allowed his shares to be sold by the Creditors. He would have paid off and redeemed his shares and in fact increased his shareholding by preferential allotment / warrants etc. The fact is he inflated the figures and supported it with forged documents thereby folling PWC. All persons involved must be jailed for this forgery and fraud.
Rediff does not have other job. They have lost their credibility of journalism. They publish all rubbish articles. They do not have a good quality management system in place.
Re: Re: A good imaginative story
by Jai Hind on Jan 14, 2009 03:13 PM
You must a real idiot. FT is regarded as one of the Best News Paper through out world. They have immense reputation.
Re: A good imaginative story
by Ravi Kumar P on Jan 14, 2009 02:28 PM
For one thing, this article was written by someone from Financial Times and Rediff seems to have only reprinted it. I think you missed that. Second, it is interesting that all talk in the media of corporate governance misses examples of similar examples this article gives in other economies in Asia.
Re: One Question
by Kamal on Jan 14, 2009 02:19 PM
Dear Mr/Ms. Poopa The offload would have taken place after World Bank banned Satyam, which co-incidentally happened before Raju's relvations.
