Fri, Mar 12, 2010 04:02PM IST
India Markets Closed.
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AS Murthy new CEO of Satyam, sold shares before Maytas Saga
In a new developing story which can cast doubts on new Satyam CEO tells that AS Murthy sold 40,000 shares of the company right before Raju the then CEO decided to buy Maytas and then aborted the decision. Being an insider he did know of some information, is my thinking.
Read more at the source: http://in.reuters.com/article/globalCoverage2/idINInd
ia-37863220090205
Comments (2)
bullbear commented 1 year, 1 month ago
This company has a lot of uncovered mess both on balance sheet and internal to company operations. Regulators need to fix the broken governance problem and find a suitor for this company, standalone it is not worthy in my opinion
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nils30 commented 1 year, 1 month ago
I think insider trading news/rumors are the least of Satyam's and its Board's worries. No body is sane in business, no body is a holy man, insider trades is pretty well known - in my view this does not affect the stock price
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