|
Business Daily from THE HINDU group of publications Thursday, January 8, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Update at 1315 hrs (IST)
Info-Tech Investors' body to file complaint against Satyam with EOD MUMBAI: National Association of Small Investors (NASI), a registered NGO, said on Thursday it will file a complaint against scam-hit software exporter Satyam Computer Services for “cheating shareholders and investors”. “This is a financial attack on the country. We are filing a complaint against Satyam, with the Economic Offences Department (EOD), for cheating the shareholders and investors,” NASI President Mr Pradeep Bhavnani said. Many members of the association, who had bought shares of the IT firm at Rs 540 some four months back, had suffered heavy losses when the scrip crashed to Rs 39 yesterday, he said. “We are writing to the Economic Offences Department to investigate the ma tter and punish the auditors, including PricewaterhouseCoopers,” Mr Bhavnani said. Hinting that the Satyam scam is much more than meets the eye, he said, “I am sure there is insider trading and it will come out.” - PTI
Prev: India slams Pak for flip-flop over Kasab's nationality Business Line | NUS Index | |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line
|