Now that the Satyam’s saga has come a full one month’s circle, all that we know about the fraud is that the Rajus had many acres of benami land, that they forged documents, that they formed many shell companies, that Satyam have a previous record of IT irregularity and finally Mr. Ramalinga Raju had...
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Satyam Fraud – After one month
Satyam Fiasco
The news of the Satyam fraud has caused a fall of 749 points in BSE and 192 points in Nifty. The stock itself fell from 181.65 to 39.95(i.e. a fall of 78%) on the day of announcement and on the last trading of the week the scrip has closed at Rs.23.75 after touching a...
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