satyam scandal presentation

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Transcript of satyam scandal presentation

DEEPAK MITTAL DHeeRAJ SINGLA

MANOJ JANGIR SHASHI KANT

OM SAI RAM
OM SAI RAM
OM SAI RAM

MANAGING DIRECTOR

EX MANAGING DIRECTOR

RAMALINGA RAJU

NEW VICE CHAIRMEN & MANAGING DIRECTOR

ANAND MAHINDRA

CEO

C.P. Gurnani Board Members

Vineet Nayyar C. Achuthan T.N. Manoharan C.P. Gurnani Sanjay Kalra

ORGANISATIONAL STRUCTURE

SATYAM

INTRODUCTION

LISTED

NETWORK

EMPLOYEES

ACHIVEMENTS

DEVELOPMENT CENTRES

WHY SATYAM GOES DOWN WHY SATYAM IS IN SCANDAL?Satyam Computers had on December 16, 2008, announced that it will acquire two group firms - Maytas properties and Maytas Infrastructure

The BOD of Satyam had approved the founder’s proposal to buy 51 per cent stake in Maytas Infrastructure and 100 % in Maytas Properties.

The total outflow for both the acquisitions was expected to be US$ 1.6 bn comprising of US$ 1.3 bn for the 100% stake in Maytas Properties and US$ 0.3 bn for the 51% stake in Maytas Infra

This deal is not profitable for investors .So after this announcement they started to raise their voices against the dealThe company is run by the sons of Ramalinga Raju

It was started in the late 1980’s by Ramalinga Raju

The main reason for the debacle of Maytas Infra is due to the debacle of Satyam

SATYAM

SCANDAL

SATYAM

CURRRENT ASSETS

LIABILITIES

ACTUAL DEBT WAS 2161OVERSTATED 490 CR.

ACTUAL CASH IN

BANK WAS 321

INFLATED 5040 CR.NO ACCRUED

INTEREST 376.34 CR.

UNDERSTATED LIABILITY 1230 Cr.

Which was ARRANGED BY MR.RAJU

5040+376+1230+490= 7136CRORE

ON 30 SEPTEMBER 2008

SATYAM

PRICE WATER HOUSE COOPERS

SATYAM

SATYAM’S AUDITORS

THE SEBI

SATYAM

The Sebi had in December given a clean chit to Satyam in the probe on violation of corporate governance law.

If the auditors were conned, it means that either the bank statement and certificates were forgedSatyam's banks – ICICI Bank, HDFC Bank, Bank of Baroda, etc

SATYAM

THE BANKER’S

Ø Tech Mahindra is paying Rs1757 crorefor a 31% stake in the company, or Rs 58per share.

Ø Satyam Computer Services has now zoomed 15% to Rs 54.20 ahead of theannouncement of the highest bidder forthe company on April 13, 2009.

Ø In India this moment was full of praisefor the manner and speed with which thereconstituted board of Satyam ComputerServices found a strategic investor .

SATYAM

Tech Mahindra wins bid for Satyam Scam

DON’T TRY THIS AT OWN

mahindra

SATYAM