Satyam Scam

Satyam scam Satyam Computers had on December 16, 2008, announced that it will deliver the goods twain group firms 1.Mayas properties 2.2 Mayas Infra The Board of Directors of Satyam had approved the founders proposal to buy 51 per cent express in Mayas Infrastructure and coulomb % in Mayas Properties. The total safety valve for twain the acquisitions was expected to be US$ 1.6 bn comprising of US$ 1.3 bn for the 100% punt 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 misdemeanour of embodied governance laws. This galvanic pile is not lucrative 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 repayable Ramalinga Raju to the O ne of the reasons for debacle of Satyam Maytas Properties Ltd the debacle of Maytas properties was hence ongoing economic. The familiarity has Brobdingnagian land banks and the prices have dropped backwardness down in the real estate significantly. HOW DID HE FAIL The promoters indomitable to flesh out the revenue and profit figures of Satyam. In the event, the company had a huge hole in its balance sheet So to look at 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 management. This was in general 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 leading is one of the reasons. Raising fictitious bills for services that were never rendered. To amplify the Cash &bank balance correspondingly. Operating get were by ar! tificial means boosted from the actual Rs 61 crore to 5064 crores. Its financial...If you want to get a spacious essay, order it on our website: BestEssayCheap.com

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