January 9, 2009
General
Image by World Economic Forum via Flickr There’s an old saying: ‘where there’s a will, there’s a way’ and that is certainly true in India. Earlier today, the Indian government stepped into the troubled company and disbanded the entire board of directors. Here is the government press release as reported in The Economic Times: Following [...]
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January 7, 2009
General
Until today, I’m betting most professionals hadn’t heard of Satyam, despite they’re India’s fourth largest outsourcer. All that changed when chairman and founder B Ramalinga Raju sent a letter to the Indian stock exchange and shareholders holding his hands up to a massive fraud that includes $1 billion in fictious cash assets. When I first [...]
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