Comments on: Satyam has value left

By: triplicani

triplicani — Tue, 19 May 2009 05:39:35 +0000

The best update possible is from Andhra Pradesh people. They have elected back Rajasekhara Reddy, said to be part of the scam as he had helped Ramalinga Raju amass wealth (projects awarded to MAYTAS) as well as delayed the arrest of the ex-Satyam CEO.

By: T.P. Anand

T.P. Anand — Mon, 18 May 2009 18:20:13 +0000

What is the update on this….. Any new developments???

By: triplicani

triplicani — Thu, 16 Apr 2009 07:12:24 +0000

Anand,

I personally feel all the cases against the Company in India and US can be vacated because the fraud is not by the Company but by an Individual. We both have the knowledge that A Joint Stock Company is a artificial person which is different from the individuals who are shareholders or the managers.

I think Tech Mahindra would have done its home work before this acquisition, especially considering the efficiencies they can bring in as well as the continuing income streams from the clients of Satyam.

By: T.P.Anand

T.P.Anand — Thu, 16 Apr 2009 04:53:21 +0000

I am having serious doubts about the management of Tech Mahindra. On what basis they have come to the value in a company like Satyam where accounts have been fudged for several years. They do not know the exact extent of liabilities and there are several cases pending against the company both in India and in the US. The accounts are yet to re-stated and already there is a value assigned by Tech Mahindra – what a magic – it defies all logic and i am totally bewildered by this development. God Save Corporate India.

- T.P.Anand

By: Vijayasarathy R

Vijayasarathy R — Wed, 15 Apr 2009 17:18:22 +0000

But Sathyamurthy this should not encourage so many other Rajus who are yet to come out with the truth.

I too feel proud that the Indian Government has saved 40K families.

Fantastic job by the special directors.