Satyam- The Truth

We witnessed the "Biggest Indian Corporate Fraud" . Satyam Computers Balance Sheet were inflated by Rs 5040 Cr. "Raju has agreed that the Q2 revenues were exaggerated by Rs 600 crore."
Satyam stocks dipped by 80% after this fraud came in light.
Satyam Computers,the 4th biggest software company, has shaken trust of all investors in the country.

To Read Letter Sent By Ramlinga Raju To B.O.D & Exchanges: CLICK HERE

MF holding Satyam Shares as of Nov-end :-
HDFC Top 200 - 1215000 - 1.60%
UTI Master Share - 1190000 - 2.46%
HDFC Equity - 1150000 - 1.15%
UTI-MEPUS - 1100000 - 3.37%
Birla Sun Life Eq - 788817 - 2.75%
HDFC Growth - 785000 - 2.34%
UTI Equity - 750973 - 1.75%
Templeton India Eq Income - 712686 - 2.49%
Reliance Eq Advantage - 628704 - 1.19%
Reliance RSF - 625005 - 2.83%
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FII's sold satyam shares:
Aberdeen International sold 3.6 crore at Rs 42.
Swiss Finance sold 1.37 crore @ Rs 80
Fidelity Investment sold 40 lakh shares at Rs 108.96
Morgan Stanley sold 47.7 lakh shares at Rs 68.68
A TOTAL OF ~6crore shares sold off by FII’s in a single day
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Some Good Articles Collected From Internet:
Ramaling Raju: Click Here
Sebi to probe Satyam market operations: Click here
LIC still confident about Satyam: Click here
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MY VIEW:
I think, Raju is a brave man, atleast he admitted what he did. Media personals raising fingers on him only. But always remember that a coin has two sides.... Why no one is pointing on PWC (Auditors of Satyam Computer).
Magnitud of this fraud is such that Govt has to some action. We just want to see what our Govt do about this.

Now Nifty View:
I hope you all remember our message that Nifty gonna crack 300-500 pts in coming days & I hope you all are now witness of whats happening. Closing below 2880 will lead to more weakness, whereas, above 2930, some relief rally can be seen.