Investors of Satyam everyday wake up hearing bad news about the company.Now the management has admitted that they do bad practices everyday. Maytas Deal It was avoidable since maytas is satyam written in the reverse order.He was going to buy his son's infrastructure company.So he is going to take money from Satyam balance sheets to give to his son's company to finance ongoing infrastructure projects.The independant director resigns.We expected the others. World Bank Blacklists Satyam World bank black list the software service company from being it's client due to bad business practices. Promoter holding Reduced in Satyam Those who hold the shares pledged with them of the promoters were sold at whatever price they could get. And Now Raju's Bomb That Satyam's balance sheets were blown up and was not real.It was virtual.About 7000 crores were misrepresented and sebi knows not a thing about that.Ramalinga Raju wrote in the letter he wrote on the ocassion of stepping d...
a place to burn the frustrations and share aspirations of Maneesh Jayachandran