Monday, January 12, 2009

Did the Christist's sink Satyam?

http://economictimes.indiatimes.com/articleshow/3965366.cms

the good professor R Vaidyanathan has already written about the politicians angle in the Satyam blow-up*

per the Economic Times report Samuel & Sons and Satyam could have colluded in a heap big racket in real estate - that caused Satyam to go down when the real estate market collapsed. I guess it was not enough to loot the Tirumala Tirupathi Devasthanam eh - Old Sam was working extra hard to screw everyone over

* disclosure: I had disagreed with prof's conclusion, but I am prepared to eat humble pie - it would not be the first time the prof proved me wrong!

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