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“In India, companies may fall sick, but promoters rarely do!”

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Finally Satyam’s Raju resigns shockingly admitting a massive Fraud and share price sinks from Rs 175 to Rs 50 this morning,murdering Shareholders and Capital Markets in one stroke !!!

5 Comments / Controversies, Corporate Governance, Economy, Foreign Institutional Investors, Information Technology, Insider Trading, Interesting News Sightings, INVESTOR MISTAKES, Reflections, Satyam : The Sordid Asatyam Saga, STOCKS, VALUATION / By

I had told you Satyam’s Chairman Ramalinga Raju was actually Ravana and he was a goner…just read my blogs of December 17,2008 and December 19,2008…..You cannot believe this guy…he’s got a history of hoodwinking…he bought Rajesh Jain’s Indiaworld for US $ 116 Million in 2000…this was a hogwash deal only to launder Money ! Regulators […]

Finally Satyam’s Raju resigns shockingly admitting a massive Fraud and share price sinks from Rs 175 to Rs 50 this morning,murdering Shareholders and Capital Markets in one stroke !!! Read More »

IT Company Scam in Denmark….Dubious Indian IT Companies should file for Patent Infringement for Fraud Technique!

1 Comment / Chuckle !, Controversies, Corporate Governance, Information Technology, Insider Trading, Interesting News Sightings, INVESTOR MISTAKES, Reflections, STOCKS, VALUATION / By

How to Hoodwink the World in Business….The Danes must have learnt it from the Indians !…and we, from the Americans ! Would you believe this ?…an IT Company in Denmark was completely fraudulent…fake orders and profits…and it’s promoter was awarded many recognitions ! Below is the whole Transcript of the recent article in Wall Street

IT Company Scam in Denmark….Dubious Indian IT Companies should file for Patent Infringement for Fraud Technique! Read More »

Ambani Brothers : Burying the hatchet or yet at each other with one ! ?

1 Comment / ADAG Companies, Controversies, Corporate Governance, Insider Trading, INVESTOR MISTAKES, Reflections / By

It’s been a War Zone with no holds barred between the Ambani Brothers after their father expired in 2002…It led to a Demerger of the Group in 2005 and shareholder wealth zoomed There have been evident reconciliatory moves between the brothers in recent months…clearly some thaw is visible and they appear to be moving the Hatchets away

Ambani Brothers : Burying the hatchet or yet at each other with one ! ? Read More »

Satyam Independent Director should attend one of his own courses!

Leave a Comment / Chuckle !, Controversies, Corporate Governance, Information Technology, Insider Trading, Interesting News Sightings, INVESTOR MISTAKES, Reflections, Satyam : The Sordid Asatyam Saga, STOCKS, VALUATION / By

Last Night I was amused and then rather angry to hear Prof M Rammohan Rao,an Independent and Non Executive Director on the Board of Satyam Computer Services Ltd He was defending the decision taken by them for Satyam to acquire Promoter related Maytas Companies Menaka of CNBC TV asked him which was the lesser of the

Satyam Independent Director should attend one of his own courses! Read More »

Satyam joins a growing Dubious List of Self Serving Promoters that include Lok Housing,Sterlite and Jaiprakash

1 Comment / Controversies, Corporate Governance, Information Technology, Infrastructure, Insider Trading, Interesting News Sightings, INVESTOR MISTAKES, Reflections, Satyam : The Sordid Asatyam Saga, STOCKS / By

My Blog has this Tag Line on the Home page ” In India,Companies may fall Sick,but Promoters rarely do !” How do we get Retail Investors to come back into our Stock Markets  when we have self serving Promoters running Riot with Shareholders Funds ! Satyam joins this growing list of Companies where Promoters take

Satyam joins a growing Dubious List of Self Serving Promoters that include Lok Housing,Sterlite and Jaiprakash Read More »

Satyam becomes Asatyam as Founder Ramalinga becomes Ravana !

5 Comments / Controversies, Information Technology, Infrastructure, Insider Trading, Interesting News Sightings, INVESTOR MISTAKES, Reflections, Satyam : The Sordid Asatyam Saga, STOCKS, VALUATION / By

Holding less than 10% of Satyam’s equity,Founder Chairman,B Ramalinga Raju,got a Board Resolution passed to buy out 51 % of the Equity in his Son’s Companies Maytas (Satyam spelled backwards !) Infrastructure and a 100% Stake in Maytas Properties for a whopping aggregate of US $ 1.6 Billion or nearly Rs 8000 crs ! As if

Satyam becomes Asatyam as Founder Ramalinga becomes Ravana ! Read More »

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