Former management should pay up for misdeeds: Mahindra Satyam

Last Updated: Sunday, January 29, 2012, 13:55

Mahindra Satyam believes that it is high time for the former auditors, management and owners to pay up for their past misdeeds at the company.

Damages suit: Satyam told to wait for judgement in similar case

Last Updated: Tuesday, January 24, 2012, 16:05

The Indian tax authorities have also slapped an income tax claim of about Rs 2,500 crore on the company.

US court dismisses Upaid lawsuit against Satyam

Last Updated: Wednesday, January 18, 2012, 19:47

The Indian tax authorities have also made an income tax claim of about Rs 2,500 crore.

ED registers money laundering case against Speak Asia

Last Updated: Tuesday, January 3, 2012, 22:49

The firm had allegedly duped over 12 lakh investors, also called as panelists, to the tune of Rs 1,300 crore.

Action against ex-CFO in Satyam case within a week: ICAI

Last Updated: Friday, December 23, 2011, 21:39

Accounting regulator ICAI on Friday said it will decided the case concerning former CFO of Satyam Computer in the Rs 14,000-crore accounting scam within a week.

Citigroup to pay $285 mn in fraud case

Last Updated: Thursday, October 20, 2011, 00:20

Citigroup Inc will pay USD 285 million to settle charges that it defrauded investors who bought toxic housing-related debt that the bank bet would fail, the US Securities and Exchange Commission said on Wednesday.

Italy`s Berlusconi cleared in fraud case

Last Updated: Tuesday, October 18, 2011, 18:08

Berlusconi still faces two separate corruption and tax fraud court cases linked to his business empire.

Satyam scam: SC grants bail to five

Last Updated: Wednesday, October 12, 2011, 12:53

The Supreme Court Wednesday granted bail to four erstwhile Satyam Computers Services Ltd employees and an official of its statutory auditor PricewaterhouseCoopers (PwC) accused in one of India's biggest corporate frauds.

Rajaratnam sentencing could be Wall Street warning

Last Updated: Sunday, October 9, 2011, 16:22

Raj Rajaratnam, convicted in the biggest US insider trading case for years, faces a sentence of up to 24 years prison next week at the close of a case seen as making an example of the hedge fund tycoon.

SFIO denied permission to drop SCSL from Satyam fraud case

Last Updated: Saturday, October 1, 2011, 00:16

A local court on Friday dismissed a petition filed by Serious Fraud Investigation Office (SFIO), seeking to withdraw the complaint against Satyam Computer Services Limited (SCSL) from the list of accused, in the multi-crore accounting fraud case.

UBS details rogue trades that lost bank $2.3 bn

Last Updated: Sunday, September 18, 2011, 21:32

Swiss bank UBS said on Sunday it had lost USD 2.3 billion from unauthorised speculative trades in various equity futures it discovered on Wednesday and has now covered the resulting risk with its equities business again operating normally.

SEC to seek Justice review in Madoff case: Report

Last Updated: Sunday, September 18, 2011, 18:43

The US Securities and Exchange Commission's inspector general plans to ask the Justice Department to review whether an SEC lawyer violated conflict-of-interest laws while working on the Bernard Madoff fraud case, Bloomberg News reported on Friday.