InfoAnda - First witnesses due in India's Satyam fraud trial

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Eminem, Justin Bieber scoop Billboard Music Awards | | 23 May 2011
Iran and U.S. send positive signals on nuclear talks | | 29 July 2010
NATO: 6 killed in Afghanistan helicopter crash | 14 July 2009

Time Warner rakes in Q2 profits in all divisions | 4 August 2011

Forum Views () Forum Replies ()

Read more with google mobile : First witnesses due in India's Satyam fraud trial

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World First witnesses due in India's Satyam fraud trial AFP - Monday, November 8 Send IM Story Print First witnesses due in India's Satyam fraud trial Slideshow: Full Photo Coverage: Business & Economy HYDERABAD, India (AFP) - – Lawyers were set to call their first witnesses Monday in the trial of the disgraced founder of Indian outsourcing giant Satyam, in a billion-dollar corporate fraud case dubbed "India's Enron." The trial comes nearly two years after founder and former chairman B. Ramalinga Raju shook the Indian corporate world by admitting that he had falsified Satyam's profits and assets for years. Prosecution lawyers said they would produce two witnesses Monday -- both government officials involved in the police seizure of accounting documents. Raju's counsel Bharat Kumar said the questioning and cross-examination of each witness was expected "to take a long time". As many as 300 people are expected to give evidence in total. Raju, who was educated in India and the United States at the University of Ohio, was one of the stars of the software boom that has been a key driver of India's economic growth over the past 15 years. Raju, 56, faces charges including conspiracy, cheating and forgery, having admitted in a statement in January, 2009, that he had overstated profits for years and inflated the company's balance sheet by more than a billion dollars. He was jailed awaiting trial for 19 months before being granted bail in August of this year, and has been undergoing treatment for hepatitis at a hospital in Hyderabad. Raju stands charged with nine other senior Satyam executives, including his brother B. Rama Raju. The scandal at the Hyderabad-based firm is known as "India's Enron" after the US energy giant that collapsed in 2001 in the wake of massive false-accounting revelations. Satyam was ranked as India's fourth-largest outsourcer by revenue before the scandal. Raju was born in a family of farmers in the southern state of Andhra Pradesh and started business in textile and real estate before spotting the potential in outsourcing. Satyam and the rest of the sector boomed as international firms looked to cheap, technologically-savvy and English-speaking Indian staff to take on office support and software roles. The group was taken over in April 2009 by mid-sized software outsourcer Tech Mahindra, a unit of the tractors-to-holidays conglomerate Mahindra and Mahindra, which paid nearly 600 million dollars for a majority share. Rebranded as Mahindra Satyam, it announced a loss two months ago of 27.6 million dollars for the fiscal year to March as it reported its first results since the scandal. Analysts have been divided about Satyam's future, with some saying the worst is over while others argue it could take a few quarters or even years of uphill struggle to fully emerge from the scandal. Recommend Send IM Story Print Related Articles US-BUSINESS Summary Reuters - 21 minutes ago Stronger dollar weighs on Wall Street Reuters - 21 minutes ago US STOCKS-Stronger dollar weighs on Wall Street Reuters - 22 minutes ago GT Solar cuts PE stake, ups FY profit view; shares rise Reuters - 24 minutes ago CORRECTED - European shares slip back from 6-month high Reuters - 29 minutes ago News Search Top Stories Iraq leaders fail to resolve political deadlock Rolls-Royce management silent as shares slide Rescued Chilean miner shows 'yes you can' in NYC Marathon Democracy icon Suu Kyi locked up for rare Myanmar vote Germany's E.ON set for major reorganization: report More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Scientists turn skin into blood Pamela Anderson calls out Ultra-Orthodox men on fur hats Rescued Chilean miner shows 'yes you can' in NYC Marathon Democracy icon Suu Kyi locked up for rare Myanmar vote Pope sanctifies Sagrada Familia, rounds on abortion More Most Viewed » Alcohol more harmful than heroin, crack cocaine: study Toddler survives seven-floor fall in France Spectacular unknown species found in Amazon Ancient galaxy is more than 13 billion light years away Moon's 'treasure chest' includes silver More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Monday, 8 November 2010
Violent protests in Germany against nuclear waste train
Berlusconi resignation call ratchets up Italy tensions
Swedish police hold man in possible race shootings |
Scientists turn skin into blood
Pope sanctifies Sagrada Familia, rounds on abortion
Newborn Dies After Being Placed Inside Washing Machine By Mom
Pope attacks abortion, defends "love of a man and a woman"
Cuba missed prisoner release deadline: dissidents |
Openly Gay Anglican Bishop Announces Retirement
Appeals Panel Dismisses Death Row Inmate's Petition
Hostage shot dead by Somali pirates |
Pope consecrates Barcelona's Sagrada Familia church
Israel charges imam with incitement against Pope |
Gaza scrap gleaners risk life near tense border |
Western Sahara protest camp tests Morocco's nerve |
Analysis
Thousands protest in Seoul before G20 summit
US-ENTERTAINMENT Summary
3D cartoon "Megamind" animates box office
Ray Romano talks golf and being of a "Certain Age"
Canadian poised to win poker championship
Newborn Dies After Being Placed Inside Washing Machine By Mom
South Korea Pays Pirates $9 Million For Release Of Supertanker
30-Year-Old Taiwanese Woman Marries Herself
3D cartoon Megamind animates box office |
Ray Romano talks golf and being of a Certain Age |
Netanyahu to press U.S. for military threat on Iran
Top Russian reporter in serious condition after attack
Myanmar army-backed parties set to sweep rare poll |
Gaza scrap gleaners risk life near tense border
Republican victory in US election dooms 'net neutrality'
Germany's E.ON set for major reorganization: report
U.S. urges Iraq to form inclusive government |
Rescued Chilean miner shows 'yes you can' in NYC Marathon
Israel charges imam with incitement against Pope
Pope sanctifies Holy Family basilica as gays hold kiss-in
Democracy icon Suu Kyi locked up for rare Myanmar vote
North Korea's heir apparently rises again |
Iraq rivals 'agree to share power'
Accused drug kingpin will go to Venezuela: Chavez |
Islamist boycott dents Jordan polls
Pamela Anderson calls out Ultra-Orthodox men on fur hats
Iran says nuclear talks could be held in Turkey
Papandreou rules out early Greek election |
Iran says ready to hold nuclear talks in Turkey
Israel set to present Lebanese border plan to U.N.
Aliyev loyalists sweep the board in Azerbaijan vote |
Sudan accuses Darfur radio staff of working for ICC
Indonesia under fire over military trial 'farce'
Bodies of 5 Afghan police found in east
Obama hails ties with 'world power' India
Hollywood actors, studios reach new contract
Muslim rebels deny hand in Philippine bombing
China artist chastises West for valuing trade over rights
US urges growing China to be 'responsible player'
Australia to hold constitutional referendum on Aborigines
US rejects Israel call for military threat against Iran
Released S.Korea tanker heads for Oman port
Resoration continues at Vatican Museums
Americans clean up as Lady Gaga scoops MTV awards
Obama to push cooperation to India parliament
Hollywood actors, studios reach new contract
Mangled arms, legs legacy of cluster bombs in Laos
G20 urged to ensure rare earth supply
Seoul shares edge up 0.2 pct buoyed by techs
Kim's son is now North Korea's number two: analysts
Urine for sale? South African city wants to buy
Nordic chefs break the ice with local touch
World Bank chief calls for gold to anchor forex
PAKISTAN
Lady Gaga, other U.S. acts dominate MTV Europe Awards
'Megamind' gets mega bucks in debut weekend
World Bank chief moots return to gold standard
iPhone triggers videogame gold rush
Japan's September forex sets record
APEC ministers to agree on anti-protectionism: report
NZ house price growth slips in October
Qantas CEO: Oil leaks in 3 engines of its A380s
APEC debates becoming body that can forge FTA
Lady Gaga, other U.S. acts dominate MTV Europe Awards |
Car bombs target Iranians at Iraq's holy sites
German police remove nuclear waste train protesters
U.S. says Afghan handover in 2014 realistic |
Iraqi rivals in bid to end political deadlock
Obama backs India's quest for U.N. permanent seat |
Pressure mounts on Kremlin to solve latest media attack
U.S. says sanctions against Iran "having impact"
German police try to free blocked nuclear waste train
Karbala car bomb kills 10
First group of Anglican bishops to convert to Rome |
US army mulls more charges over horrific Afghan killings
Granny Arrested For Trying To Sell Infant Grandson
Jailed U.S. student Amanda Knox to face trial for slander |
Time Warner Cable Increases Profits, Loses Subscribers
U.S. urges Iraq to form inclusive government
Israel's Lieberman denounces settlement boycott |
Vermont Nuclear Reactor Shuts Down Due To Leak
Parts of Afghanistan under Kabul control next year: Clinton
Vapor Rub Effective Cold Treatment
NATO-Afghan operation kills 15 insurgents in south
Yemen needs aid to fight al Qaeda: foreign minister |
Survey: Breast Cancer Survivors Prefer Silicone Implants
15 Afghan insurgents killed in southern province
Pentagon chiefs: Afghans can manage by 2014
Philippines says Myanmar vote 'non-inclusive'
Jamie Oliver brings obesity food fight Down Under
Radical Yemeni cleric urges 'killing Americans'
China unveils photos of moon
Two plead guilty over nuclear smuggling in Georgia
Queen sign to Universal in another blow to EMI
AOL hires advisers for options as it eyes Yahoo: report |
Japan probes leaked China collision video
Marilyn Manson: Antichrist indie star
UK navy's website hacked: Ministry of Defence |
Rod Stewart rolls out the hits for Vegas stint
Top US officer surprised at Marine chief's dissent
Taiwan indicts three senior judges for graft
Britain's queen wins 60,000 fans on Facebook debut |
MSNBC brings back suspended anchor Keith Olbermann
Flights resume to Indonesia after volcano chaos
Global minimum and maximum temperatures
S.Korea court rules pro-North music breaches law
Japan's Skymark to buy up to six Airbus A380s
Top US, South Korea officials hold trade pact talks
Blackouts trigger diesel shortage in China: state media
First witnesses due in India's Satyam fraud trial
Indonesia volcano causes more flight chaos
End nears for blockbuster Harry Potter film series |
Lady Gaga, other U.S. acts dominate MTV Europe Awards |
MSNBC brings back suspended anchor Keith Olbermann |
Rod Stewart rolls out the hits for Vegas stint |
Queen sign to Universal in another blow to EMI |
Marilyn Manson: Antichrist indie star |
US-TECH Summary
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01