Word: good
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Dates: during 2000-2009
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...fraud unraveled last December when Satyam announced the $1.6 billion acquisition of two affiliated construction companies, Maytas Infra and Maytas Properties, run by Raju's two sons. Raju claimed the acquisitions were a good diversification strategy, and announced they would go ahead without shareholder approval. Investigators say Raju actually wanted to buy the companies because they held many of the illicitly acquired properties; absorbing them into Satyam could have allowed Raju to cover up his misdeeds indefinitely. But many of Satyam's foreign stakeholders, who owned 47% of the Nasdaq-listed company, grew suspicious and angry over the deal...
...unclear whether Satyam's new owner, Tech Mahindra, will benefit as assets are identified and recovered. Tech Mahindra bought a 47.2% stake in the tainted company for $600 million in a government auction in April. If the fraud money reappears as assets in the name of the company, its good news for Tech Mahindra, which paid a huge sum for Satyam and its liabilities, says Suresh Talwar, partner at Mumbai-based law firm Talwar Thakore & Associates, Satyam's corporate counsel until 2006. It could be a bonanza for shareholders, too, in the form of dividends or bonus shares, he says...
...Does that still stand now you're President? Zuma: The ANC makes policy, not individuals. Anything that we talk about regards policy to a huge degree reflects the debates that have been held inside the party. And on policy, we have done very well - our policies have been very good. We have five priorities: education - critical; health - critical; rural development; job creation; and land reform. (See pictures of Johannesburg's preparations for soccer's World...
TIME: Admitting errors, taking a pragmatic, results-based approach, those are not things Africa's liberation movements have always been good at. In fact, as their time in power goes on, many have become more vociferous in blaming their mistakes on the past and old enemies. I'm thinking particularly of Zimbabwe. Are you jettisoning that liberation movement baggage? Zuma: Nobody can deny that when Zanu-PF [Robert's Mugabe's Zimbabwe African National Union-Patriotic Front] came on the scene, there was a lot of delivery, in health and remarkably in education. But what they lacked is what...
...where, in some places, they have the tot system [paying workers in high-alcohol run-off from wine processing] up to this day, you go to areas that by 11 o'clock on a Saturday, people are already drunk and dizzy in the road. It's not doing any good to the citizens of this country. I think we have to take measures. Many people are not employed or do not have anything to do, so they spend their time in the tavern. They are not active, they are not useful. And there's the connection to crime - on Friday...