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Tag: Mahindra Satyam

No bail out for Satyam

Posted on January 12, 2009 by Vincent Augustine D'Souza

Satyam (truth) proved to be asatyam (non-truth). Ramalinga Raju who headed Satyam committed fraud with the connivance of others which went on for years. The company is facing problems. The Government of India has stepped in, disbanded the Board of Directors and appointed three Directors. The stated objective is to safeguard the interest of shareholders…

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