...chief strategy officer for Wipro Technologies, which competes with Satyam. The long-running fraud, which is being called India’s Enron, also raised questions about the vigilance of regulators in India and the United States. Satyam serves as the back office...
...raising serious doubts if it was complicit in perpetrating a fraud comparable to the accounting scandal at the erstwhile Enron in the US. PwC has taken temporary shelter under the roof of client confidentiality, saying it is now examining the contents of the...
...get off without being eaten." The sham, which sent Bombay’s stock exchanges down 7.3 percent, is already being called India’s Enron. Enter the recipients' email addresses, separated by commas: Your email has been sent. Enter link and submit to The Daily Beast. Please...
...besides revisiting the self-regulation norms set for companies, Mr Gupta told ET. The Satyam episode is being referred to as India's Enron. Have these developments tarnished India's image? I would not say that. I would rather call the Satyam episode an aberration....
...crore. Experts agree to have not seen any corporate scam of this magnitude in a large cap index stock. Many call it India's Enron for having eroded India's image and dented that of the IT industry which sells on the credibility. Acceptance of having fudged...
...to see in times to come. Another friend put it all in context: we seem to be following the US in all the wrong things. First, we had our 9/11 with 26/11. Now, we had our Enron. Wonder what’s next. Hope the next elections don’t throw up an Indian Bush....
...just one decade. Andersen infamously disappeared after the document shredding antics of some of its partners relating to work with Enron. Finance directors were billed first as beancounters, then as strategists, before turning into today’s compliance, risk...
...PwC, is under the scanner. A comparison with Arthur Anderson, which lost its spot among the big five once the lacunae in its Enron audits were exposed, is definitely called for at this point. The Enron scandal a) underlines how a nexus between corporations...
...average players alike. Where does board responsibility stop? What were the auditors doing? Why were there no whistle-blowers like Enron in this case? Given that this happened nearly eight years after Enron and after all the resulting talk and legislation of...
...have we got rid of all our time-tested good practices and following only power point presentations these days? Satyam is today Enron of India no less. And, this incident raises so many questions that businessmen, professionals, shareholders et al will find...