...down with them. Equally certain is that the downturn will lead to the emergence of financial scandals, along the lines of Enron and WorldCom in 2002. Recessions uncover what auditors do not, as the old saying goes. But corporate collapses would hardly count...
...know about or abet the fraudulent book-keeping at Satyam? Is it incompetence or collusion? Something similar took place with Enron and its auditors, Arthur Andersen; the latter was put out of business after that scandal. So far, ICAI, accountings self-regulatory...
...said Cassell, a nationally known advocate of victims rights. "So this will be the test for, you name it, the Madoff case, the Enron cases, whatever cases come down the road." Under the 2004 Victims' Rights Act, those who suffer at the hands of criminals...
...has just been added to a notorious list of companies involved in fraudulent financial activities, one that includes such names as Enron, WorldCom, Societe General, Parmalat, Ahold, Allied Irish, Bearings and Kidder Peabody. Satyam's CEO, Ramalingam Raju, took...
...that Millen was not in a position to criticize the front office manuevers of others after his miserable run in Detroit, but Rod went a bit further. âMillen ought to be treated like one of those Enron guysâ¦he should be hiding under a rock, like Ken Lay.â...
...The Pakistan Policy Blog explains why. Today India was shocked by the confession of the outgoing CEO of the IT giant Satyam that an Enron style huge accounting fraud took place in the company. India Political Blog has details. Baithak posts an extensive comparison...
...attacks will not be approved. Today India was shocked by the confession of the outgoing CEO of the IT giant Satyam that an Enron style huge accounting fraud took place in the company. India Political Blog has details. Baithak posts an extensive comparison...
...question whether they are covered. Some insurers fear that just as D&O covers became more expensive in the fallout of the Enron fraud in the US, insurers may get wary about the Indian market. However, Mr Vashishta said: âI donât think there would be much of...
...about all this? Is it a coincidence that Jeff Skilling was back in the news this week? Already somebody is calling Satyam India's Enron. There will be more to come. So what will signal the turning point? Could it come during the worst of earnings season?...
...in Indian corporate history.â The similarity between the two scams is significant as, before its liquidation in late 2001, Enron was regarded as one of the worldâs leading energy companies with over 20,000 employees and a revenue claim of over $100 billion...