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“In India, companies may fall sick, but promoters rarely do!”

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Finally Satyam’s Raju resigns shockingly admitting a massive Fraud and share price sinks from Rs 175 to Rs 50 this morning,murdering Shareholders and Capital Markets in one stroke !!!

5 Comments / Controversies, Corporate Governance, Economy, Foreign Institutional Investors, Information Technology, Insider Trading, Interesting News Sightings, INVESTOR MISTAKES, Reflections, Satyam : The Sordid Asatyam Saga, STOCKS, VALUATION / By

I had told you Satyam’s Chairman Ramalinga Raju was actually Ravana and he was a goner…just read my blogs of December 17,2008 and December 19,2008…..You cannot believe this guy…he’s got a history of hoodwinking…he bought Rajesh Jain’s Indiaworld for US $ 116 Million in 2000…this was a hogwash deal only to launder Money ! Regulators …

Finally Satyam’s Raju resigns shockingly admitting a massive Fraud and share price sinks from Rs 175 to Rs 50 this morning,murdering Shareholders and Capital Markets in one stroke !!! Read More »

IT Company Scam in Denmark….Dubious Indian IT Companies should file for Patent Infringement for Fraud Technique!

1 Comment / Chuckle !, Controversies, Corporate Governance, Information Technology, Insider Trading, Interesting News Sightings, INVESTOR MISTAKES, Reflections, STOCKS, VALUATION / By

How to Hoodwink the World in Business….The Danes must have learnt it from the Indians !…and we, from the Americans ! Would you believe this ?…an IT Company in Denmark was completely fraudulent…fake orders and profits…and it’s promoter was awarded many recognitions ! Below is the whole Transcript of the recent article in Wall Street …

IT Company Scam in Denmark….Dubious Indian IT Companies should file for Patent Infringement for Fraud Technique! Read More »

Satyam Independent Director should attend one of his own courses!

Leave a Comment / Chuckle !, Controversies, Corporate Governance, Information Technology, Insider Trading, Interesting News Sightings, INVESTOR MISTAKES, Reflections, Satyam : The Sordid Asatyam Saga, STOCKS, VALUATION / By

Last Night I was amused and then rather angry to hear Prof M Rammohan Rao,an Independent and Non Executive Director on the Board of Satyam Computer Services Ltd He was defending the decision taken by them for Satyam to acquire Promoter related Maytas Companies Menaka of CNBC TV asked him which was the lesser of the …

Satyam Independent Director should attend one of his own courses! Read More »

An American predicts a Chilling Forecast for America !

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Reproducing Verbatim an interesting email received by me today….Gerald Celente predicts a very Bleak America soon…It’s scary   The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting a revolution in America, food riots and tax rebellions – all within four years, while cautioning that putting …

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DLF to Borrow Rs 4000 crs to Rs 5000 crs at 30 % to 35 % interest pa from Malvinder Singh of Ranbaxy !?

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NDTV Profit is reporting today unconfirmed developments that the Real Esate King DLF is to borrow Rs 4000 crs to Rs 5000 crs from Cash Rich Dollar Billionaire,Malvinder Singh who sold his Ranbaxy stake for Billions of Dollars to Dai-ichi of Japan recently The alarming note is not the quantum of Borrowing but the reported Interest Rate …

DLF to Borrow Rs 4000 crs to Rs 5000 crs at 30 % to 35 % interest pa from Malvinder Singh of Ranbaxy !? Read More »

Satyam joins a growing Dubious List of Self Serving Promoters that include Lok Housing,Sterlite and Jaiprakash

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My Blog has this Tag Line on the Home page ” In India,Companies may fall Sick,but Promoters rarely do !” How do we get Retail Investors to come back into our Stock Markets  when we have self serving Promoters running Riot with Shareholders Funds ! Satyam joins this growing list of Companies where Promoters take …

Satyam joins a growing Dubious List of Self Serving Promoters that include Lok Housing,Sterlite and Jaiprakash Read More »

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