Word: board
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Dates: during 2000-2009
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...According to a 200-page CBI report, Satyam insiders forged board resolutions to secure $260 million in bank loans which were diverted for personal use, and over several years generated fake customer identities and account statements to inflate Satyam's revenues by millions of dollars, boosting the company's share price and making its books look far healthier than they were. Investigators following the paper trail have discovered that embezzled funds were channeled into 1,065 properties valued at $74 million, including some 6,000 acres of land, 40,000 sq. yd. of housing plots...
...concluded its investigation, but other federal agencies, including the Securities Exchange Board of India, are expected to step in and assist in identifying illicit assets acquired by Raju and his accomplices. In October, India's Enforcement Directorate attached about 280 properties owned by Raju and his extended family, which it said were obtained with embezzled funds. A senior government official says that more Satyam properties will be attached. More shoes will drop with a fraud of this magnitude, says Partha Iyengar, head of research at the India office of Gartner, the Connecticut-based I.T. research and advisory firm...
TIME: I notice another departure under your leadership. Traditionally, the ANC has taken on board the liberal attitudes of the left, including tolerance. But in Durban, you sounded very conservative on some social issues like the need for discipline in schools, alcohol and even sex and violence on television. Zuma: I don't think it's conservatism. What we're saying is: let's have a conversation. Take alcohol. Liquor is used to dehumanize us. If you go to the Western or Northern Cape where, in some places, they have the tot system [paying workers in high-alcohol...
There is no easy solution to the massive problem the UC system and the State of California faces, but some options are more desirable than others. If the Board of Regents must hike tuition, the main part of this financial burden should be placed on out-of-state students, whose parents are not taxpaying California citizens and who still have the benefit of access to cheap public education in their own states. It may seem unfair for out-of-state students to be penalized for the mistakes of California, but the UC system should primarily serve residents of California, many...
...Morrison and sophomore Alex Killorn scored back-to-back goals to give Harvard a 2-1 lead. The freshman was the first on the board. A battle in the left corner of BU’s zone sent the puck in front of the Terrier goal, where Morrison was able to recover possession and beat BU goaltender Kieran Millan...