Satyam Scam

Satyam scam Satyam Computers had on December 16, 2008, announced that it will espouse twain group firms 1.Mayas properties 2.2 Mayas Infra The Board of Directors of Satyam had approved the get arounds proposal to buy 51 per cent support in Mayas Infrastructure and snow % in Mayas Properties. The total outflow for twain the acquisitions was expected to be US$ 1.6 bn comprising of US$ 1.3 bn for the 100% threaten in Mayas Properties and US$ 0.3 bn for the 51% This is the move that stake in Maytas Infra. sparked a row over alleged rapine of embodied governance laws. This galvanic pile is non useful for investors, So subsequently this announement they started to raise their voices against the deal TWIST IN WHOLE SCAM The play along is run by Firms which he wanted to purchase Maytas Infra, It was started in the late 1980s by the sons of Ramalinga Raju. The main reason for the slaughter of Maytas Infra is delinquent Ramalinga Raju to the One of the reasons for debacle of Satyam Maytas Properties Ltd the debacle of Maytas properties was hence ongoing economic. The lodge has Brobdingnagian land banks and the prices have dropped backwardness down in the real estate significantly. HOW DID HE FAIL The promoters indomitable to fly off the handle the revenue and profit figures of Satyam.

In the event, the company had a huge hole in its balance sheet So to absorb up this gap Company announced accomplishment of 51% stake in Maytas Infra and 100% stake in Maytas Properties on 16th Dec 2008 but The deal was not profitable for investors Investors dumped Satyams stock and threatened accomplish against the manag! ement. This was primarily make to hide the Why was this action done irregularities in the accounts of Satyam. It is also said the close association with the governmental leaders is one of the reasons. Raising fictitious bills for services that were never rendered. To append the Cash &bank balance correspondingly. Operating get were by artificial means boosted from the actual Rs 61 crore to 5064 crores. Its financial...If you want to get a large essay, order it on our website: BestEssayCheap.com

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