5000 crore new fraud at satayam

Mahindra Satyam tanked 12% to Rs 89 on reports the Central Bureau of Investigation found evidence of an additional Rs 4739 crore corporate fraud in the company, perpetrated by its founder R Ramalinga Raju and his associates

:annoyed:

And support - sirjeeeeee ...

But considering that the company has been bought by Mahindra does it matter that much? Surely the business model and Earnings are not going to change. If the fraud exists that means company had resources to make the amount of money that was fraudulently taken out by the owner. Its just my view I see a huge buy @ Levels of 82-85

Earth is our support and Sky is our limit . . I am not greedy to think beyond sky

Naresh

The jagron used by CBI ( by all government departments) is very tough to understand . And as per the CBI , i feel they added many other things in to this scam . the actual figures of loss can only be determined by maret analysts .if they want to buy at lows , they will continue saying 14000 creore fraud. If not , they sy the amounts are a bit on higher side and the fraud may be at 10000 crore .

Naresh

Satyam is my favorite since it crashed and i picked it up from all levels... now i completely stopped cash transactions so not gonna pick it anymore but I personally feel its a pick on dips. if they can sail it once... they are not going to dump it now.... you may short TECHM but buy satyam on dips

78-79 could be one bounce zone .. maybe ...

I ask myself what Raju did wrong? MCD and other govt. officials are no different..

MCD has 22,853 fake employees and paying more than 17crore every month to these fake employees.
http://www.thaindian.com/newsportal...-into-bogus-mcd-employees-scam_100280222.html