Satyam Scam

Satyam scam Satyam Computers had on December 16, 2008, announced that it will take for granted twain group firms 1.Mayas properties 2.2 Mayas Infra The Board of Directors of Satyam had approved the mis executes proposal to buy 51 per cent carry in Mayas Infrastructure and carbon % in Mayas Properties. The total flush for twain the acquisitions was expected to be US$ 1.6 bn comprising of US$ 1.3 bn for the 100% risk 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 infringement of embodied governance laws. This galvanic pile is not paid 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 due Ramalinga Raju to the One of the reasons f or debacle of Satyam Maytas Properties Ltd the debacle of Maytas properties was hence ongoing economic. The company has spacious land banks and the prices have dropped backwardness down in the real estate significantly. HOW DID HE FAIL The promoters indomitable to puff the revenue and profit figures of Satyam.

In the event, the company had a huge hole in its balance sheet So to make bountiful 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 threat ened accomplish against the management. ! This was principally 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 cast up the Cash &bank balance correspondingly. Operating get were unnaturally boosted from the actual Rs 61 crore to 5064 crores. Its financial...If you want to get a full essay, order it on our website: BestEssayCheap.com

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