directors - Initial Private Opinion

Wednesday, December 24, 2008 2:25 PM

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...

Posted by Sandeep Parekh | 2 comment(s)

Tagged in: SEBI, Corporate Governance, independent directors, Satyam, Maytas, Board, directors, fraud, world bank, bribery

Thursday, December 18, 2008 12:14 PM

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...

Posted by Sandeep Parekh | 3 comment(s)

Tagged in: SEBI, Corporate Governance, independent directors, Satyam, Maytas, Board, directors, Raju, Ramalinga, fraud

Wednesday, December 17, 2008 8:04 AM

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...

Posted by Sandeep Parekh | 8 comment(s)

Tagged in: SEBI, securities, Corporate Governance, clause 49, independent directors, Satyam, family, Maytas, Board, directors, Raju, acquires, Ramalinga, illegal

Initial Private Opinion

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Satyam - from storm to maelstrom

Satyam Board - thy name is mud

Satyam - name and reputation are upside down