The Securities and Exchange Board of India (SEBI) has ordered an investigation into Indian IT services provider Satyam Computer today following disclosures of massive accounting fraud by the company. SEBI said it had ordered an investigation into the affairs relating to buying, selling or dealing in the shares of Satyam Computer and will also ascertain […]
For the most comprehensive coverage in the Indian blogosphere on the ugly fraud committed by IT services provider Satyam Computer, the blog to visit is SearchIndia.com – Your most trusted name in fair and balanced coverage of All Things Indian and More. Here are the posts related to Satyam: *Indian IT Crook Finds New Master […]
Satyam board member Ram Mynampati has been named interim CEO of the fraudulent IT services provider following the resignation of its Chairman B.Ramalinga Raju and Managing Director B.Rama Raju. Big Mistake We think appointment of Ram Mynampati is a BIG mistake. He is too closely associated with the old guard, having been with the company […]
The massive accounting fraud at Indian IT services provider Satyam Computer demonstrates the perils to U.S. and European companies of outsourcing. Over the last two decades, American and European firms like GE, Goldman Sachs, Siemens, Morgan Stanley and countless others have rushed heedlessly to outsource their IT work to Indian companies to reduce their costs. […]
With the disclosure today of the massive accounting fraud at Satyam Computer, the 53,000 IT coolies at the company must surely be crapping in their undies wondering what will happen to their jobs. Yes, many thousands of Satyam employees will lose their jobs. And many of them will find it very difficult to land new […]
The short answer is No. While there will definitely be some minor irregularities here and there, we think it unlikely that the top management of Infosys, Wipro and Mindtree would stoop to the level of Satyam crooks like B.Ramalinga Raju who committed massive fraud and cooked up the books for several years. We are familiar […]