http://news.bbc.co.uk/2/hi/business/7815031.stm
"The boss of Satyam, India's fourth-biggest software firm, has resigned after revealing financial irregularities in the firm's accounts.
Chairman Ramalinga Raju apologised and said "the gap in the balance sheet has arisen purely on account of inflated profits" during several years.
He said he was subjecting himself to the laws of the land and would "face the consequences".
India's benchmark index fell nearly 7% on the news, as Satyam stock shed 82%."
I suspect the vultures (Accenture mainly) are currently hovering around waiting for a buy out...
"The boss of Satyam, India's fourth-biggest software firm, has resigned after revealing financial irregularities in the firm's accounts.
Chairman Ramalinga Raju apologised and said "the gap in the balance sheet has arisen purely on account of inflated profits" during several years.
He said he was subjecting himself to the laws of the land and would "face the consequences".
India's benchmark index fell nearly 7% on the news, as Satyam stock shed 82%."
I suspect the vultures (Accenture mainly) are currently hovering around waiting for a buy out...
