Satyam Scam: Corrupt Corporate Code: Political- Bureaucrat Nexus?
Satyam Scandal Rocks Outsourcing...Shocker from Satyam
Ramalinga Raju’s letter of admission came as a shocker to corporate India on Wednesday morning. Outgoing CEO of the IT major admitted fraud to the tune of Rs 40 billion and said that the balance sheets had been inflated for years. He admitted that Maytas deal was the last ditch effort to get value for the fictitious assets. The development is expected to have wide ranging impact and has sent ripples across Bombay Stock Exchange. The accounts of Satyam are expected to be sealed as the day progresses….
India Inc goes into 'deep shock'
CII President K. V. Kamath said there was a ‘need to immediately examine the loopholes in regulation, accounting, audit and governance that allowed such lapses to occur and address them with urgency’. He said corporate India must ‘reflect on ways to demonstrate its quality of governance and enhance the confidence of stakeholders.’
Satyam scam: Mega corporate fraudIndia Inc goes into ‘deep shock’
Disclaimer
The contents posted on these Blogs are personal reflections of the Bloggers and do not reflect the views of the "Report My Signal- Blog" Team.
Neither the "Report my Signal -Blogs" nor the individual authors of any material on these Blogs accept responsibility for any loss or damage caused (including through negligence), which anyone may directly or indirectly suffer arising out of use of or reliance on information contained in or accessed through these Blogs.
This is not an official Blog site. This forum is run by team of ex- Corps of Signals, Indian Army, Veterans for social networking of Indian Defence Veterans. It is not affiliated to or officially recognized by the MoD or the AHQ, Director General of Signals or Government/ State.
The Report My Signal Forum will endeavor to edit/ delete any material which is considered offensive, undesirable and or impinging on national security. The Blog Team is very conscious of potentially questionable content. However, where a content is posted and between posting and removal from the blog in such cases, the act does not reflect either the condoning or endorsing of said material by the Team.
Blog Moderator: Lt Col James Kanagaraj (Retd)
No comments:
Post a Comment