The 7000 Crore Satyam Fraud has not only tarnished the very meaning of Satyam,the first of the three words describing GOD, himself (Satyam,Shivam ,Sundram) but has crashed and blasted all that stood in the name of truth, atleast in the eyes of the common man.
It may have not killed any,but its impact is akin to [...]
In the first half of September, Srinivas Vadlamani suddenly offloaded 92,358 shares of Satyam in the stock market. When quizzed about it, he said that he needed the money because he was building a house and could not manage without liquidating his ESOP holdings. That answer had satisfied curious newshounds then.
However, after the Raju confession, [...]
With the uncertainties in the stock market, furthered by instances such as the Satyam fraud, the employees’ stock option programme, which has been used as a crucial tool to attract and retain talent, appears to have lost its charm.
On Wednesday, the employees of Satyam lost close to Rs 221 crore after investors dumped the stock. [...]
This is by far Largest Corporate Scam in India Inc. Read more ...
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