A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
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 …
I confess,I did not anticipate this bombshell confession of Satyam Promoter,Ramalinga Raju on January 7,2009 which saw the Satyam price Collapsing from Rs 175 to Rs 40 on the same day However,after Ramalinga Raju,had announced on December 16,2008,the now infamous Satyam’s Proposal to take over Maytas Companies,I had blogged on December 17,2008 to SELL SATYAM …
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 »
Instead of greeting me this morning with “Happy Makar Sankrant, Darling”, my wife got me thinking and argueing with her Greeting ” You’re a Slumdog ! Now, when will you become a Millionaire ! ?” India Infoline must have been inspired by Women when it tagged it’s line “It’s all about Money, Honey !” I cite to …
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 …