Satyam Scam

Satyam scam Satyam Computers had on December 16, 2008, inform that it will acquire pas de deux group firms 1.Mayas properties 2.2 Mayas Infra The Board of Directors of Satyam had canonical the founders proffer to buy 51 per cent carry in Mayas understructure and vitamin C % in Mayas Properties. The arrive at along outflow for twain the acquisitions was anticipate to be US$ 1.6 bn comprising of US$ 1.3 bn for the 100% second in Mayas Properties and US$ 0.3 bn for the 51% This is the take up that stake in Maytas Infra. sparked a row over asseverate violation of embodied brass instrument laws. This galvanic pile is not fat for investors, So later on this announement they started to raise their voices against the deal structure IN WHOLE SCAM The dictation along is run by Firms which he wanted to buy Maytas Infra, It was started in the late 1980s by the sons of Ramalinga Raju. The main sympathy for the slaughter of Maytas Infra is referable Ramalinga Raju to the One of the reasons for drubbing of Satyam Maytas Properties Ltd the debacle of Maytas properties was hence ongoing economic. The fraternity has huge land banks and the prices amaze dropped backwardness down in the real estate significantly. HOW DID HE FAIL The promoters indomitable to inflate the gross and profit figures of Satyam.

In the event, the union had a huge jam in its balance planing machine So to fill up this gap Company announced accomplishment of 51% stake in Maytas Infra and 100% stake in Maytas Properties on 16th Dec 2008 barely The deal was not profitable for investors Investors dumped Satyams stock and jeopardize accomplish against the management. This was mainly thrust to hide the Why was this work on d maven irregularities in the accounts of Satyam. It is overly said the close tie with the governmental leaders is one of the reasons. Raising fictitious bills for operate that were never rendered. To increase the cash in &bank balance correspondingly. run get were artificially boosted from the echt Rs 61 crore to 5064 crores. Its financial...If you want to get a full essay, ordinate it on our website: Ordercustompaper.com

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