Word: andhra
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Dates: during 2000-2009
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...ground and swelling the rivers that are the lifeline of Indian agriculture. The national meteorological department had predicted a normal monsoon earlier this year, but when there was no sign of rain until the middle of June, alarm bells began to ring. Farmers in the southern state of Andhra Pradesh began holding prayers at major temples. Indian media began to report occult rituals such as farmers arranging "weddings" for frogs and women in one Uttar Pradesh village tying themselves to the yoke to plough land in efforts to please the rain gods. Even farmers in irrigated areas that...
...power were the ones that denied security for IPL matches. "Cricket could have done without such politicization," says New Delhi-based cricket commentator G. Rajaraman, who holds Congress responsible. "Only Congress-ruled states said they could not provide security," he says, citing the examples of Delhi and Andhra Pradesh. "Only one match would be played at a time," he points out, "It's not as if every city was going to be besieged and security agencies stretched." Rajaraman says given cricket's popularity in India, the move will backfire for the Congress. "There was no other entertainment slated for that...
...billion fraud, in part to maintain the company's 53,000-strong workforce. A government-appointed board of directors is looking to sell the company. "Our top priority is to protect the jobs of the software professionals," announced Y.S. Rajasekhara Reddy, chief minister of the state of Andhra Pradesh, where Satyam is based. In October, Indian airline Jet Airways reversed a decision to lay off 1,900 staff after some weeping victims melted Chairman Naresh Goyal's heart. "I could not sleep at night," he confessed at a press conference. "I was mentally disturbed when I saw tears in their...
...falsifying the company's profits. But that same day, Raju surrendered to state police and once he was in custody, SEBI investigators couldn't touch him without a court order. (Rama Raju and Vadlamani were also later arrested.) SEBI's petitions to question the accused were denied by two Andhra Pradesh courts, forcing regulators to take their case to the Supreme Court...
...able to look into possible insider-trading violations revolving around the sale of 3,600,000 shares of Satyam stock in the months before the fraud came to light, as well as embezzlement and a host of other possible transgressions. According to reports in Indian newspapers, investigators for the Andhra Pradesh Crime Investigation Division have discovered Satyam funds were diverted into Maytas Properties and Maytas Infrastructure, property companies owned by the Raju family. Two senior partners of Satyam's auditors, Price Waterhouse, S. Gopalakrishnan and Srinivas Taluri, have also been arrested and charged with conspiracy, among other allegations. "SEBI will...