Contract Case by Prof DINESH N https://padlet.com/dineshn/ovivx57ih1lp Made with joy en-us 2017-04-20 06:29:50 UTC 2017-04-22 03:23:51 UTC hello@padlet.com The Satyam scam, often called India's biggest corporate white-collar fraud, dineshn https://padlet.com/dineshn/ovivx57ih1lp/wish/167184710 The Satyam scam, often called India's biggest corporate white-collar fraud, broke out on  January 7, 2009. That was the day the Hyderabad-based, 59-year-old Byrraju Ramalinga Raju, image, left, admitted that he had fudged the accounts of his flagship firm, Satyam Computers and Services Limited, to the tune of Rs 7,136 crore (Rs 71.36 billion), including Rs 5,040 crore (Rs 50.40 billion) of "non-existent cash and bank balances".

Since then, Ramalinga Raju, the founder and promoter of Satyam Computers, a $6 billion information technology company, has been in and out of jail. On November 4, 2011, the Supreme Court had granted him bail since the Central Bureau of Investigation had failed to file charges against him within the stipulated 90 days of his arrest.

On October18, 2012, the joint director of the ED in Hyderabad passed a provisional attachment order for "proceeds of crime in the form of fixed deposits" worth Rs 822 crore (Rs 8.22 billion) against 40 companies that had been promoted by Raju, his family members (including his brother, sister-in-law and his children) as well as his associates (including his gardener, of all people).

 
]]> 2017-04-20 06:37:15 UTC https://padlet.com/dineshn/ovivx57ih1lp/wish/167184710 https://padlet.com/dineshn/ovivx57ih1lp/wish/167187203 2017-04-20 06:56:40 UTC https://padlet.com/dineshn/ovivx57ih1lp/wish/167187203 .... https://padlet.com/dineshn/ovivx57ih1lp/wish/167187700 2017-04-20 07:00:18 UTC https://padlet.com/dineshn/ovivx57ih1lp/wish/167187700 ..... https://padlet.com/dineshn/ovivx57ih1lp/wish/167187720 2017-04-20 07:00:28 UTC https://padlet.com/dineshn/ovivx57ih1lp/wish/167187720 https://padlet.com/dineshn/ovivx57ih1lp/wish/167187964 2017-04-20 07:02:08 UTC https://padlet.com/dineshn/ovivx57ih1lp/wish/167187964 Nere https://padlet.com/dineshn/ovivx57ih1lp/wish/167188625 2017-04-20 07:07:31 UTC https://padlet.com/dineshn/ovivx57ih1lp/wish/167188625 Never https://padlet.com/dineshn/ovivx57ih1lp/wish/167188635 2017-04-20 07:07:35 UTC https://padlet.com/dineshn/ovivx57ih1lp/wish/167188635 https://padlet.com/dineshn/ovivx57ih1lp/wish/167188636 2017-04-20 07:07:35 UTC https://padlet.com/dineshn/ovivx57ih1lp/wish/167188636 Either don't launder money or leave loose ends when u https://padlet.com/dineshn/ovivx57ih1lp/wish/167188703 2017-04-20 07:08:05 UTC https://padlet.com/dineshn/ovivx57ih1lp/wish/167188703 dendulkar https://padlet.com/dineshn/ovivx57ih1lp/wish/167410971 2017-04-21 03:19:07 UTC https://padlet.com/dineshn/ovivx57ih1lp/wish/167410971