Page 4 - Satyam Scam
Satyam shareholders oppose merger plan
Over 50 individual shareholders on Wednesday gathered to attend the annual general meeting of IT outsourcing company Mahindra Satyam expressing their displeasure over the company’s merger plan.
Mahindra Satyam cracks the whip on fraud employees
Fraud incidents have so far been exposed at the company's Hyderabad, Chennai and Bangalore offices, Hari said.
SAT retains order allowing PW to cross-examine members
SAT had allowed PW to go ahead with the cross examination of its members, a move that was opposed by Sebi which filed the review petition with the tribunal.
Mahindra Satyam gets US court nod for $125-mn settlement pact
Mahindra Satyam, formerly Satyam Computer Services, on Thursday said a US district court had approved the company’s $125-million, class-action settlement agreement with lead plaintiffs (a group of shareholders).
SC agrees to hear bail pleas of 4 Satyam fraud accused
They had approached the apex court against the August 30 order of Andhra Pradesh High Court which had rejected their bail pleas.
Satyam case: SC to hear CBI plea for more time for trial
While taking on board the CBI's plea for hearing, the bench praised it for the speedy proceedings in the case and asked it not to seek any adjournment.
Satyam moves CLB for nod to pay directors
Mahindra Satyam has requested the CLB to give go-ahead to it for payment to the directors for the financial years 2009-10 and 2010-11.
Satyam case: SC notice to CBI on Raju's bail plea
The apex court had on October 12 granted bail to five other accused in the case.
Ramalinga Raju released on bail
B Ramalinga Raju, founder of Satyam Computer Services (now Mahindra Satyam), his brother Rama Raju and the company’s former chief financial officer, Srinivas Vadlamani, were on Saturday released on bail from the Chanchalguda Central Prison here.
Q&A: Vineet Nayyar, C P Gurnani & Vasant Krishnan
Almost two-and-a-half years after acquiring the information technology consulting and outsourcing company Mahindra Satyam, its parent, Tech Mahindra, is still trying to resolve certain issues in the US and back home. After announcing the second quarter results, Chairman Vineet Nayyar, Chief Executive C P Gurnani and Chief Financial Officer Vasant Krishnan share their views with mediapersons.
Sebi fines Satyam official in insider trading case
The market regulator, Securities and Exchange Board of India (Sebi) has levied a fine of Rs 5 lakh on a senior official of Satyam Computer Services for not closing the trading window in time.
RBI, Sebi looking into Satyam auditors' lapses
In both Satyam and Global Trust Bank cases, action against auditors, including PricewaterhouseCooper were delayed due to many court proceedings.
Action against ex-CFO in Satyam case within week: ICAI
Srinivas Vadlamani was CFO of the Satyam Computer Services (now Mahindra Satyam) at the time when its founder chairman B Ramalinga Raju admitted to fudging the account books of the company.
Mahindra Satyam files suit against former management
In January 2009, Satyam founder Chairman B Ramalinga Raju had admitted to the accounting fraud at the IT firm.
Satyam's ex-CFO guilty of professional misconduct: ICAI
After two years of investigation, the verdict is in. The Institute of Chartered Accounts of India (ICAI) has found Satyam’s former chief financial officer Srinivas Vadlamani and PWC auditor Srinivas Talluri, who signed the company’s financial audit, guilty of professional misconduct in the Rs 8,000-crore Satyam fraud — the biggest such case in India Inc.
Mahindra Satyam sues PW
Former board of directors also sued; firm seeks damages for perpetrating fraud, breach of fiduciary responsibility.
Mahindra Satyam names 123 in lawsuit
Information Technology (IT) consulting and outsourcing company Mahindra Satyam, (formerly known as Satyam Computer Services) has made 123 people defendants in the lawsuit filed against its former board of directors, certain employees and the company's former audit firm Price Waterhouse (PW), a source close to the development said.
Satyam cautious on damages claim
Mahindra Satyam has named around 123 people as defendants, including B Ramalinga Raju, Rama Raju, V Srinivas, and former directors including Ram Mynampati and Krishna Palepu
Satyam told to wait for judgment in damages suit case
Sources said as of now, the court has advised the company to wait for the judgement of a similar case that is pending before the Andhra Pradesh High Court.
Mahindra Satyam, Tech Mahindra merger by 2012-end
Mahindra Satyam is a strategic partner for the WEF Annual Meeting being held
