Board - Initial Private Opinion

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RTI application on SEBI transparency

Recall my previous posts about seeking information on SEBI agenda items and minutes, its denial and my appeal before the SEBI appellate authority for 'Right to Information'. Well it got decided against me. It states the following: a) "the...

Satyam auction - illegal disclosures?

Today's Mint has a piece by Manas Chakravarty and Mobis Philipose - " Minority shareholders at Satyam being short-changed ": "Why the company’s shares continue to be unstable even two months after B. Ramalinga Raju confessed to the...

Speaking transparency to power - SEBI and RTI

Recall my previous posts on my Right to Information application to the securities regulator, SEBI, to disclose their Board agenda notes and minutes of the Board meetings. The information was denied, as not being available in the form sought. Here is my...

Satyam I - what likely happend

In my FT piece , I discussed what was wrong with the story of the Raju confession, rather than what may be the correct story. Clearly, no one except those who carried out the fraud would likely know the story. Here is what may have happened as pieced...

Satyam - introduction to series

I'm going to run a series of pieces on Satyam - please ignore the series if you have had more than your fill of the issue. As more facts seep in, I will keep updating the series as new facts are unraveled, recall, there are very few facts in the public...

Satyam - from storm to maelstrom

Just when you thought, things couldn't get worse for Satyam Computers, they do. The Upaid lawsuit in Texas, US, seeking over a billion dollars in compensation and also punitive damages (BTW, Texas is famous for giving fantastical awards in punitive...

Satyam Board - thy name is mud

Seems we were all barking up the wrong tree - rather the wrong shrub. There is something far more sinister which has occurred in the self dealing proposal. This is based on a CNBC report I saw yesterday which does not seem to have seeped in at all in...

Satyam - name and reputation are upside down

The story till now in brief: Satyam, one of the leading software and BPO companies of India declared yesterday (16th Dec) after market close that it was planning to buy large stakes (100% and 51%) in two promoter companies. Maytas and Maytas Infrastructure...