Fraud

Posted: Thursday, Jan 08, 2009 at 2339 hrs IST
Updated: Thursday, Jan 08, 2009 at 2339 hrs IST

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Govt may help Satyam raise financing Megasoft: no material impact IT caught in slowdown web

: there is market regulator Sebi. Given that Satyam’s stock was widely traded on India’s major exchanges, surely the regulator ought to be able to pick out a firm fudging its accounts for years in succession. Regulators overseas conduct periodic checks on company books; Sebi ought to be doing the same in India, otherwise it will fall short in protecting investor interests, as has happened with Satyam. The Enron scandal began an overhaul of US regulatory regimes. Our overhaul should begin now....

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