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
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
L&T says it needs to have a reasonable stake in Satyam. ...
02:43 PM, Jan 27, 2009
The board has mandated the interim CEO to steer the company through the crisis. ...
03:31 PM, Jan 07, 2009
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