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I do not what to say but this one is more shocking than satyam scam itself. In the Satyam scam, the Rajus have confessed to having forged the company’s fixed deposits documents, diverting as much as Rs 20 crore monthly from the IT company.
Tags: crime, fraud, satyam, satyam scam
After the arrest of Satyam chief Ramalinga Raju in Hyderabad, today he will be produced in magistrate court. His brother will also be presented for charges in the biggest Indian IT Industry scam.
Tags: fraud, raju, Ramalinga, satyam crime, scam
In our last post we uncovered the biggest corporate fraud in the history of India of Rs.8000 crore which could lead Satyam eventually shutdown its doors for the world. Amidst these speculations in this post I shall share the reactions from top Indian media about actions and reactions against Raju. (more…)