A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
The Minutes of the Crucial December 16,2008 Meeting of the Board of Directors of Satyam to discuss and approve the Maytas acqusition proposal are now in public domain Phew ! I read the Twelve pages of the Minutes and can only say this ! NONE IN THE BOARD WAS ABOVE BOARD ! The way the Meeting Progressed …
Was shocked to hear this morning on CNBC 18,Executive Chairman of Jaiprakash Associates,Manoj Gaur,confessing he was not aware of the Debt to Equity quotient in his Company ! On earlier being asked as to how much cash was there on the Books,he quickly stated “Rs 1500 crs” Mr Gaur,who’s running your Company if you’re not !? Mr …
Disgraced and jailed Promoter Chairman,Ramalinga Raju, of Satyam,confessed on January 7, 2009 that there is a huge cash hole of Rs 5040 crs in the Balance Sheet of Satyam as on September 30, 2008 and that for years he has been resorting to Inflating Revenues So what could be the Nature, Form, Impact and Effect …
Possible Nature of Phantom and Fictitious Accounting Entries in SATYAM Read More »
I am truly intrigued…sure all of you too are…. as to how Ramalinga Raju of Satyam got past the auditors,Price Waterhouse (PW) So when PW disclosed a few days ago that they had appropriate evidence to support the Satyam audit,it really got me thinking It would thus seem that PW must have seen the Bank’s Fixed Deposit Receipts which supported …
The battered auditors of Satyam,Price Waterhouse,have just issued a letter dated January 13,2009 addressed to their Client,Satyam Computer Services Ltd and marked for the attention of the three New Directors in the New Board and the Company Secretary….This Letter is also been cced to SEBI,RBI,BSE,NSE,New York Stock Exchange,ROC,Hyderabad and the Central Board of Direct Taxes The …
Auditors Price Waterhouse….You are sealing your own Fate in this Satyam fraud! Read More »
Hey ! Times of India’s Mumbai Edition has this Headline Today Did Raju tip off big lenders ? Thanks TOI….you reach out to Millions…..I raised this Issue too on my blog on Thursday,January 8,2009…Check it out Below https://www.gauravblog.com/?p=426 NOW TWO MORE SERIOUS QUESTIONS EMERGE IN THIS SORDID SATYAM SAGA UNFOLDING! Now Two More Serious questions need …