01-13-2009, 04:32 PM
WB is doing same with other companies from other nations. Even they had banned US companies and local vendors.
Indian Companies should cleanup mess now.
Greed, mismanagement and unrealistic competition is main problem.
Check this , this is a problem
<b>I didn't pay much attention to balance sheet: Satyam CFO</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Tainted IT company Satyam's former chief financial officer Vadlamani Srinivas is believed to have told the Crime Investigation Department that he used to sign on the dotted lines in the company's balance sheet.
"<b>I do not pay much attention towards the details of the balance sheet. The original balance sheet used to be kept before first quarterly board meeting that would be attended by nine directors at the Satyam Info City</b>.
"At the end of the 4-5 hour meeting, the balance sheet will come to me in the normal course. I will sign it and hand it over to the secretarial department," Srinivas reportedly told the CID officials during his questioning.
He said: <b>"I used to take comfort and certify the accounts based on the audit findings presented by the company's statutory auditors PricewaterhouseCoopers</b>."
<!--QuoteEnd--><!--QuoteEEnd-->
Indian Companies should cleanup mess now.
Greed, mismanagement and unrealistic competition is main problem.
Check this , this is a problem
<b>I didn't pay much attention to balance sheet: Satyam CFO</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Tainted IT company Satyam's former chief financial officer Vadlamani Srinivas is believed to have told the Crime Investigation Department that he used to sign on the dotted lines in the company's balance sheet.
"<b>I do not pay much attention towards the details of the balance sheet. The original balance sheet used to be kept before first quarterly board meeting that would be attended by nine directors at the Satyam Info City</b>.
"At the end of the 4-5 hour meeting, the balance sheet will come to me in the normal course. I will sign it and hand it over to the secretarial department," Srinivas reportedly told the CID officials during his questioning.
He said: <b>"I used to take comfort and certify the accounts based on the audit findings presented by the company's statutory auditors PricewaterhouseCoopers</b>."
<!--QuoteEnd--><!--QuoteEEnd-->