Word: weres
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Dates: during 2000-2009
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Here's hoping you avoided the food coma: you'll need your wits about you for Black Friday. The traditional day-after-Thanksgiving shopping bonanza has become a full-contact sport, with crazed shoppers determined to find the best deals, sometimes with tragic results. In last year's frenzy, a...
The 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...
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...
Since then, two auditors of Satyam's accounting firm, PricewaterhouseCoopers (PwC), have been sitting in an Indian jail, accused of abetting the scheme. Narayana, the CBI deputy director general, said there was evidence indicating their involvement but declined to elaborate. Following the release of the CBI report, a PwC spokeswoman...
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...