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Jan
22nd

World Shame

Author: admin | Files under Condemn

Denmark is a big shame The sea is stained in red and in the mean while it’s not because of the climate effects of nature.

It’s because of the cruelty that the human beings (civilised human) kill hundreds of the famous and intelligent Calderon dolphins.

This happens every year in Feroe iland in Denmark . In this […]


Jun
30th

FORMALITIES - New Terminology for asking bribe in Coimbatore

Author: admin | Files under Condemn

Hello all,
We write this letter with heavy heart and ofcourse anger.

Recently in Ramanathapuram, Coimbatore, we witnessed a minor accident between a Car and an Omni Van and both the parties were discussing the issues to solve the problem, claiming insurance for their damaged vehicles etc. Since one of the party was our friend, we also […]


Apr
11th

Consent orders of SEBI - Consent for what ?

Author: Corporate Cat | Files under Condemn, Legal, Suggestions

I had an occasion to go through the website of SEBI recently which exhibits hundreds of ‘Consent Orders’.  These orders are nothing but culmination of discussion between SEBI and the offenders. They come to an understanding. Based on this understanding the offender agrees to pay SEBI  a certain sum and gives a letter to this […]


Apr
11th

Coimbatore Ragging - Why punishment is dragging ?

Author: admin | Files under Accountability, Condemn

Announcements by colleges prohibiting ragging is a routine annual exercise. They beautifully document it  by getting declaration from the students that they will not engage in ragging.
But the crime continues with immunity. We have seen several deaths due to ragging. But many cases of ragging has gone unnoticed or unreported. Several students either dropped out […]


Feb
26th

Saviours of law - Serves a flaw - Madras High Court Battle

Author: Corporate Cat | Files under Accountability, Condemn, Legal, Politics

It all started when Subramania Swamy came to Madras High court on 17th February, 2009 to implead himself in a case pertaining to taking over the management of Chidambaram Temple by the government of Tamil Nadu.  As per a leading newspaper when Swamy was inside the court in connection with the case a set of […]


Jan
16th

Sathyam Auditors - Watchdog or a Hound

Author: Corporate Cat | Files under Accountability, Condemn

A robber approached a policeman and requested him not to catch him when he steals. The policeman agreed ( for what cost - nobody knows ! ) and whenever complaint came he certified that the robber was innocent and correct in his dealings.  Public lost heavily due to his robbery but it went unnoticed because […]


Jan
11th

Sathyam - Auditors Price Waterhouse (Coup)er’s effect

Author: Corporate Cat | Files under Condemn

Sathyam shareholders have paid their price for appointing one of the Big 4,  Price Waterhouse Coopers, Chartered Accountants,  as their statutory auditors. But the price seems to be very high considering the fact that the accounting fraud by Sathyam involves nearly Rs.7,000/- Crores.
It is to be remembered that the same auditing firm is involved in […]


Jan
7th

Satyam chairman Ramalinga Raju’s letter

Author: admin | Files under Condemn

The chairman of Satyam Computer Services resigned on Wednesday(7.01.2009), saying profits had been inflated over the last several years.
Following is the text of his letter, which was released by the Bombay Stock Exchange.
Note: references using Indian numerical system of crores and lakhs have been converted to Western system.
————————————————————-
To the Board of Directors
Satyam Computer Services Ltd.
From […]


Jan
7th

Sathyameva Jayathe - Sathyam fiasco

Author: Corporate Cat | Files under Accountability, Condemn, Stock market

B.Ramaliga Raju’s startling revelations has brought to light the biggest ever corporte fraud in India.  He has stated that inflated cash balance of Rs.5,040 Crores (Rs.50.40 billion) is non existent. There are many other inflated figures in the accounts of the Company and many did not find place in the accounts.  It is a wonder […]


Jan
6th

Well with Helmet or Hell with Helmet

Author: Corporate Cat | Files under Condemn, Suggestions, Traffic sense

The issue of wearing helmet is being discussed from the time immemorial.  Though there cannot be a second opinion that wearing helmet saves life when accident occurs, it is being vehemently objected to by the public for the reason of inconvenience attached to it. There is also an argument that wearing helmet affects free flow of […]