corporate frauds

India proposes tough action against corporate fraud


December 19th, 2011 - 9:20 pm ICT by IANS
New Delhi, Dec 19 (IANS) India will soon have a new regulation that would ensure stringent punishment for corporate fraud and make independent directors more accountable, Corporate Affairs Minister M. ... Read more...

Posted in Uncategorized |

India’s cabinet approves revised Companies Bill


November 24th, 2011 - 10:51 pm ICT by IANS
New Delhi, Nov 24 (IANS) The Indian cabinet Thursday approved a revised Companies Bill to replace the 55-year-old old legislation that seeks to tighten norms on insider trading, prevent ... Read more...

Posted in Business |

Satyam case: Apex court notice to CBI


October 21st, 2011 - 2:01 pm ICT by IANS
New Delhi, Oct 21 (IANS) The Supreme Court Friday issued notice to the Central Bureau of Investigation (CBI) on a bail plea by the accused in one of India's ... Read more...

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Satyam case: Supreme Court grants bail to five


October 13th, 2011 - 1:17 am ICT by IANS
New Delhi, Oct 12 (IANS) The Supreme Court Wednesday granted bail to four erstwhile Satyam Computers Services Ltd employees and an official of its statutory auditor PricewaterhouseCoopers (PwC) accused ... Read more...

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CBI issued notice on four Satyam officials’ bail plea


September 16th, 2011 - 10:39 pm ICT by IANS
New Delhi, Sep 16 (IANS) The Supreme Court Friday issued a notice to the Central Bureau of Investigation (CBI) on a bail plea of four officials of the erstwhile ... Read more...

Posted in Business |

Dip in FDI temporary: Anand Sharma


April 26th, 2011 - 5:46 pm ICT by IANS
New Delhi, April 26 (IANS) The recent decline in the flow of foreign direct investment to India is temporary and it would pick up in the coming months given the ... Read more...

Posted in Business |

Government plans ‘warning system’ to curb corporate frauds


August 21st, 2009 - 9:39 pm ICT by IANS
Hyderabad, Aug 21 (IANS) Corporate Affairs Minister Salman Khursheed Friday said the government would set up an "early warning system" to pre-empt corporate fraud like that committed by the promoters of Satyam ... Read more...

Posted in Business |

Government to adopt new norms to nail corporate frauds


August 19th, 2009 - 1:46 pm ICT by ANI
New Delhi, Aug 19 (ANI): After failing to detect the Satyam Computer scam, the Ministry of Corporate Affairs is reportedly planning to adopt new norms to nail corporate frauds. The proposed system would ... Read more...

Posted in National |

New companies bill introduced in Lok Sabha


August 3rd, 2009 - 7:56 pm ICT by IANS
New Delhi, Aug 3 (IANS) A new Companies Bill was introduced in the Lok Sabha Monday with stringent clauses to deal with corporate frauds against the backdrop of the Satyam Computer Services ... Read more...

Posted in Business |

Are there more Satyams out there? (Comment)


January 29th, 2009 - 12:04 pm ICT by IANS
The confessional letter written by Ramalinga Raju in the first week of 2009 about the massive fraud perpetrated at the country's fourth largest software company, Satyam, has opened a Pandora's box. The ... Read more...

Posted in World |

Independent auditors let us down in corporate frauds: Kapil Sibal


January 21st, 2009 - 1:35 am ICT by ANI
New Delhi, Jan. 20 (ANI): Union Science and Technology Minister Kapil Sibal on Tuesday expressed government''s disappointment over the Satyam Computers fraud by stating that independent auditors in frauds involving corporate ... Read more...

Posted in National |

Stiffer Companies Bill to tackle corporate frauds, says P C Gupta


January 19th, 2009 - 2:26 pm ICT by ANI
New Delhi, Jan 19 (ANI): Anxious to neutralise the effect caused by Satyam Computer Services on the IT sector, Corporate Affairs Minister Prem Chand Gupta has said the Government will not ... Read more...

Posted in National |

Post-Satyam, firms reviewing fraud control mechanism


January 10th, 2009 - 9:53 pm ICT by IANS
New Delhi, Jan 10 (IANS) Indian companies have started to review and document their risk management policies and practices to check corporate fraud in the wake of the Rs.70 billion Satyam Computer ... Read more...

Posted in Uncategorized |

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