For last 2-3 days Satyam fraud is a big new everywere. Satyam Chairman cheated not only shareholders but also to the country. Many people lost a huge amount of money. But the question is that is the Satyam is alone in this situation? Are there any other companies in the same situation? SEBI must take strict action & check the accounts of other companies also. Because it is the question of country & many peoples who trust these companies. WHat do you think?
I do not think the slide is over yet.....It was expected that govt. would form some committee to overtake Satyam and prevent it from asset stripping. The government is just sitting duck and it is not helping matters much. Regards, RightMan
Yes but atleast SEBI is doing something for investors. Also got to know that Satyam will be dropped from Nify w.e.f from 12th January 2009. I think Government should take some steps since this Finance portfolio is handle by Manmohan Singh.
SEBI can't check the accounts of 1000's of companies listed at the exchanges. It is the auditors' job to make sure that the accounts of companies are accurate and complete.