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Written by neerajn on
The Central Bureau of Investigation (CBI) probing the Satyam fraud case on Saturday arrested V S Prabhakar Gupta, head of internal audit of the erstwhile Satyam Computers.... read full » Read Full Story
From:   www.afp.com
India's fraud office will start prosecution this month of the founder of outsourcing firm Satyam who admitted to falsifying profits in the nation's biggest corporate fraud, a minister said Monday. Satyam's founder B. Ramalinga Raju stunned India's financial world in January when he declared he had overstated profits for years and inflated the company's balance sheet by over one billion dollars. "During this month, it (the Serious Fraud Investigation Office) will begin prosecution," Corporate Affairs Minister Salman Khurshid told reporters in the Indian capital New Delhi. In April, mid-sized Indian computer outsourcer Tech Mahindra, part of leading Indian vehicle maker Mahindra and Mahindra, paid ... Read Full Story
Written by soney218 on
The CBI told a local court here on Wednesday that it was awaiting replies from courts in the US, UK, Belgium, Mauritius, British Virgin Islands and Singapore regarding the transactions of foreign bank accounts allegedly owned by the Satyam scam accused B Ramalinga Raju. While opposing tooth and nail the petition filed by former Satyam MD Rama Raju and CFO Vadlamani Srinivas who asked the court to allow them to use laptops from their jail cells to prepare notes to defend themselves before various agencies, CBI deputy legal advisor B Ravindranath said such a facility would help the accused establish outside contacts and thus ... Read Full Story
Written by varun357 on
Mahindra Satyam on Tuesday said it has received legal notices for claims totalling Rs 1,230.40 crore from 37 firms floated by its founder, Mr B. Ramalinga Raju. The company, however, rejected the claims as “legally untenable”. “Mahindra Satyam has received legal notices from 37 companies claiming a refund of Rs 1,230.40 crore, allegedly given as a temporary advance,” the US-listed Indian IT major said in a regulatory filing with the US regulator Securities and Exchange Commission (SEC). The notices pertain to the money that Mr Raju, claimed to have “arranged (borrowed) for the company from the 37 companies.” The investigation, however, revealed that all ... Read Full Story
Written by pcorp2008 on
NEW DELHI (AFP) -- India's fraud office will file charges this month against the founder of outsourcer Satyam after he admitted to falsifying profits in the nation's biggest corporate fraud, a minister said Monday. Satyam's founder B. Ramalinga Raju stunned India's financial world in January when he declared he had overstated profits for years and inflated the company's balance sheet by over one billion dollars. "During this month, it (the Serious Fraud Investigation Office) will begin prosecution" proceedings, Corporate Affairs Minister Salman Khurshid told reporters in the Indian capital New Delhi. The fraud office will prosecute Raju and others under "those areas of company ... Read Full Story
As many as five companies among the elite club of top-10 Sensex firms have witnessed an erosion of over Rs 24,000 crore from their market capitalisation previous week, while Reliance Industries (RIL) maintained the top position with a valuation of Rs 3.49 lakh crore.  
From business-standard.com ()
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Trades between FIIs generated a volume of Rs 29 crore on the BSE Thursday-an increase of 40.27% from Rs 21 crore clocked on Wednesday. As many as five stocks witnessed trades of 6.44 lakh shares on Thursday.  
From business-standard.com ()
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India's fraud office will file charges this month against the founder of outsourcer Satyam after he admitted to falsifying profits in the nation's biggest corporate fraud, a minister said Monday.Satyam's founder B. Ramalinga Raju stunned India's financial world in January when he declared he had overstated profits for years and inflated the company's balance sheet by over one billion dollars.  
From france24.com ()
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Globe and MailKerala Govt probing Rana's visit to KochiSifyThiruvananthapuram: The Kerala government is viewing "very seriously" the visit of Tahawwur Hussain Rana, arrested by the FBI along with suspected let operative David Headley, to Kochi, Chief Minister VS Achuthanandan said here on Wednesday. ...Did Rana, Headley visit Ahmedabad for potential recruits?Daily News & Analysis'Headley visited Munnar, Pune'India TodayPune could have been...  
From news.google.co.in ()
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Satyam Computer Services has received legal notices from 37 companies, demanding the return of 12.3 billion Indian rupees (US$267 million) they claim were paid to the company as temporary advances, Sa...  
From story.malaysiasun.com ()
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RediffSatyam scam: SFIO to begin prosecution this monthTimes of IndiaPTI 16 November 2009, 02:13pm IST NEW DELHI: The government on Monday said the Serious Fraud Investigation Office (SFIO) will begin prosecution into the ...SFIO to begin prosecution of Satyam's RajuLivemintall 27 news articles »  
From news.google.com ()
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New Delhi, Nov 5 (IANS) The government Thursday more than doubled the budget for the 2010 Commonwealth Games, to Rs.1,620 crore from Rs.767 crore. The decision was taken at a cabinet meeting chaired by Prime Minister Manmohan Singh. yahooBuzzArticleHeadline = "Commonwealth Games budget more than doubled"; http://www.thaindian.com/newsportal/uncategorized/commonwealth-games-budget-more-than-doubled_100270347.html  
From thaindian.com ()
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