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Profile of A Fraud : Pursuing Satyam

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Post by FluteHolder Sun Aug 10, 2014 12:05 pm

Profile of A Fraud : Pursuing Satyam Fraud_2050138g


http://www.thehindu.com/business/Industry/pursuing-satyam/article6301459.ece?homepage=true

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Post by MaxEntropy_Man Sun Aug 10, 2014 12:13 pm

wow! i think the sentence they receive will be watched very closely. it will be an indication of how seriously the judiciary views corporate malfeasance.
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Post by FluteHolder Sun Aug 10, 2014 12:23 pm

When all the other big corrupt politicians are still enjoying freedom, nothing will happen to him or others involved.

It is similar to the Chase or BOA executives as they are entering an agreement with Eric Holder over penalties by paying Billions$.  May be bcz Raju donot have any 'good and connected' friends he is in jail.

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Post by MaxEntropy_Man Sun Aug 10, 2014 12:32 pm

on a related note, if a foreign company's stock is listed in an american stock exchange, does the SEC have the jurisdiction to pursue its own charges against the company in such cases?
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Post by Hellsangel Sun Aug 10, 2014 1:10 pm

MaxEntropy_Man wrote:on a related note, if a foreign company's stock is listed in an american stock exchange, does the SEC have the jurisdiction to pursue its own charges against the company in such cases?

ADRs are regulated by the SEC. Satyam was traded on pink sheets after its stock fell.
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Post by Marathadi-Saamiyaar Sun Aug 10, 2014 1:49 pm

Hellsangel wrote:
MaxEntropy_Man wrote:on a related note, if a foreign company's stock is listed in an american stock exchange, does the SEC have the jurisdiction to pursue its own charges against the company in such cases?

ADRs are regulated by the SEC. Satyam was traded on pink sheets after its stock fell.

Tell me about it.. I owned some Satyam ADRs.

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