Tag: Corruption

Indian Technology Firm Rallies After Corruption Charges

After an 87% drop in the share price of Satyam last week on the arrest of some of its board members including the financial director, Vadlamani Srinivas, with the charge of falsifying accounts, the price rallied back 44% today with the announcement of a rescue plan and the appointment of new directors. The false accounting […]

January 12, 2009 | 0 Comments More