New Delhi: Outraged over a case filed by Satyam against it, audit firm Price Waterhouse on Monday said it was an attempt to shift responsibility to auditors. "Price Waterhouse India is outraged that Satyam is attempting to shift responsibility to auditors for the consequences of a carefully and deliberately concealed fraud that was undertaken at the direction of its own senior management," said a statement by the audit firm. The...
09:19 AM, Jan 10, 2012
New Delhi: Satyam founder B Ramalinga Raju and his brother B Rama Raju, arrested in connection with the multi-crore accounting fraud involving the IT firm, will have to remain in jail during Diwali as the Supreme Court on Friday refused to give them interim relief saying they have delayed in approaching it. The apex court, however, agreed to give an early hearing to their pleas and issued notice to CBI...
12:19 PM, Oct 21, 2011
New Delhi: The Supreme Court on Wednesday gave a conditional bail of six months to former Satyam employees G Ramakrishna, D Venkatpathi Raju, Srisailam, Ramalinga Raju's brother B Suryanarayana Raju, Satyam's former MD B Rama Raju and former PricewaterhouseCoopers (PwC) auditor Subramani Gopalakrishnan in the Rs 617 crore income tax fraud case. All the accused have been given bail on the a surety bond of Rs 2 lakh each and...
12:57 PM, Oct 12, 2011
New Delhi The Supreme Court on Wednesday ordered the Central Board of Direct Taxes (CBDT) to maintain status quo on its demand for Rs 617 crore income tax from Satyam Computer, while asking for a list of the actual liabilities of the scam-hit information technology (IT) firm. A three-judge bench headed by Chief Justice S H Kapadia directed the CBDT to submit a chart by Friday showing the actual income...
03:13 PM, Apr 06, 2011
Mumbai: Mahindra Satyam, formerly known as Satyam Computer Services, on Thursday said it has agreed to pay $125 million to settle a putative class action suit filed against the company in a United States District Court. The litigation relates to the 2009 accounting fraud at Satyam Computer, which was later taken over by Tech Mahindra and renamed. Furthermore, the company will also pay the lead plaintiffs 25 per cent of...
11:26 AM, Feb 17, 2011
Hyderabad: B Ramalinga Raju, former chairman of Satyam Computers and the prime accused in the Rs 14,000-crore accounting fraud, was today discharged from the Nizam Institute of Medical Sciences where he was undergoing treatment for hepatitis C for the past ten months. NIMS gastroenterologist Ajit Kumar said Raju requested the hospital authorities to discharge him yesterday. "He made a request yesterday. He still has to be administered 11 injections as...
04:11 PM, Oct 02, 2010
The apex court has asked Raju, the main accused in the Satyam fraud case, why his bail should not be cancelled. ...
01:24 PM, Oct 01, 2010
Hyderabad: Satyam scam accused Ramalinga Raju speaks for the first time after being out on bail. He appears at local court, accompanied by a doctor in Hyderabad on Thursday. This is his second appearance after being granted bail by Andhra High Court. Raju hasn't made any appearance for questioning in court since the trial stated - he was diagnosed with hepatitis-C. Speaking exclusively to CNN-IBN, Ramalinga Raju informed that he...
10:47 AM, Aug 26, 2010
He claims that CBI is trying to falsely implicate him in the multi-crore accounting fraud at Satyam. ...
10:24 AM, Jul 28, 2010
The CBI has had filed a third charge sheet against the six accused. ...
08:53 PM, Jan 07, 2010
Ramalinga Raju is now recovering in the intensive care unit. ...
12:04 AM, Sep 09, 2009
They want to de-freeze bank accounts and get back seized electronic items. ...
04:24 PM, May 26, 2009
The fraud was executed through a well-planned accounting system. ...
04:48 PM, Apr 27, 2009
Yet another scam tumbles out of the corporate cupboard. ...
12:14 AM, Apr 25, 2009
Indian takeover regulations necessitates a company to make an open offer. ...
09:49 AM, Apr 22, 2009
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