3. Byrraju Ramalinga Raju is the biggest fraudster. In the Indian software Industry. But he is not the first. Dinesh Dalmia, Vice-Chairman, DSQ software, has been in jail for Two years. Pentamedia company promoter V.Chandrasekaran was found to be in cahoots with tainted broker KETAN PAREKH in rigging up share prices.
4.
5. Satyam Fraud: More than accounting skullduggery Lawyers have already expressed doubts over whether the statement can actually Be deemed a confession and enough to implicate MR. Raju. Indeed, they say that it Is a very well drafted document designed to draw attention to the hole in the Finances without implicating himself anywhere for any act of commission.
6.
7.
8.
9.
10. The Man Who forced Raju’s Hand JUST WHY DID CHAIRMAN RAMALINGA RAJU TAKE THE outrageous decision of Emptying Satyam Computer Services ’ coffers Into his family’s pockets?? Simon Joyce , the CEO of london-based mobile payments technology firm upaid, May be that compelling reason. Upaid and satyam are battling each other on three legal fronts. Two suits, in which Satyam faces accusations of Fraud, breach of contract And forgery, have been in texas state and federal courts since 2007. Upaid is expected to file a ‘damages report’ that will enumerate the exact Numbers in Feb 2009, even as satyam is all set to go to trial in june next year. The outcome of the case may well establish some logic behind Raju’s bizzare move.
11. Satyam Calls Off The Deals Investors Felt Betrayed Public relations FAILED ACQUISITION ATTEMPT Maytas Properties and Maytas Infrastructure