Satyam Computer Services News

BAGFUL: Satyam Computers chargesheet papers being brought to the Criminal Courts Complex in Hyderabad on Wednesday.

After continuous reports of fraud surrounding Satyam Computer Services , the Wall Street Journal published an article today with the title "Satyam: Media Reports on Fraud Don't Reflect Financial Position." The Journal says that Satyam is responding to media reports on the extent of the fraud by saying that these reports don't reflect the company's ...

HYDERABAD: The former Cabinet Secretary T.R. Prasad, the former Director of IIT-Delhi and Madras, V.S. Raju, and the former Dean of the Indian School of Business M. Rammohan Rao, have been named by the Serious Fraud Investigation Office for the first time in the Rs.

Shares of the following companies are having unusual moves in U.S. trading this morning.

These include 109 properties in coastal Andhra, 11 in Karnataka [ Images ], 40 in Nagpur, 29 in Chennai and 876 in Hyderabad and the surrounding Rangareddy district, according to sources tracking developments in the Central Bureau of Investigation probe of the Satyam [ ] case.

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By contrast, the fraud enabled Raju's kin and aides to make hundreds of crores, charges CBI.

"The company wishes to point out to investors that reported allegations regarding the magnitude of investor harm or historical misstatements in the company's accounting records do not necessarily shed light on the present financial position and liabilities of the company," Mahindra Satyam said in a statement here.

India's notorious Satyam Computer Services scandal has taken a turn for the worse, with the country's Central Bureau of Investigation laying new charges against 10 defendants regarding fake invoices, inflated revenues, unauthorised loans and attempted cover ups.

The Serious Fraud Investigation Office on Monday, filed a case against scam-tainted Satyam Computer chief Ramalinga Raju and others before a Hyderabad court.

The company will move more software development and delivery operations to its centre in Malaysia, Mahindra Satyam said in a statement Tuesday, December 01, 2009 MUMBAI, INDIA: Indian software-services firm Mahindra Satyam said on Tuesday it would expand its operations in Malaysia as part of its international expansion plans.

ACC gained 1.3% to 794.05 rupees. The stock climbed 0.6% over the past three months, compared with a 9.6% advance in the Sensex.

HYDERABAD: The Central Bureau of Investigation on Tuesday informed a city court that B. Ramalinga Raju and other accused in the Satyam Computers fraud case forged board resolutions and unauthorisedly obtained loans and advances to the tune of Rs.1,220 crore.

The Supreme Court today issued a notice to the Central Bureau of Investigation on a petition filed by Price Waterhouse auditor Srinivas Talluri, who was arrested in the Satyam Computer Services fraud case for allegedly conniving with its founder B Ramalinga Raju and other aides in India's biggest corporate scam.

HYDERABAD: A court here has asked the professor and head of gastroenterology department of Nizam's Institute of Medical Sciences to appear before it on December 4 to decide whether in-patient treatment is to be continued for former Satyam Computers chairman B. Ramalinga Raju at NIMS.

The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE: MGM Mirage, down 45 cents to $10.56 The casino operator's joint venture partner Dubai requested a debt payment delay.

A local court today dismissed the bail petition of V S Prabhakara Gupta, Senior vice-president and global head of internal audit cell in Mahindra Satyam, who was arrested in the multi-crore accounting scam in Satyam Computer Services.

NEW YORK: It's one Forbes list where none would want to figure, but Ramalinga Raju, the founder-chairman Satyam Computers , has managed the feat of being among the world's 10 most outrageous CEOs.

IT services firm Mahindra Satyam said customer attrition has stopped and it is not offering price cuts to win new deals, a company executive said.

Satyam Computer Services Ltd. a s accounting fraud was 40 percent larger than what the Indian software companya s former chairman previously said, according to the nationa s Central Bureau of Investigation .