The Double Life Of Ramalinga Raju : The Story Of India's Biggest Corporate Fraud

Biography & Memoir
Cover of the book The Double Life Of Ramalinga Raju : The Story Of India's Biggest Corporate Fraud by Kingshuk Nag, HarperCollins Publishers India
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Kingshuk Nag ISBN: 9789350292563
Publisher: HarperCollins Publishers India Publication: December 1, 2013
Imprint: HarperCollins Language: English
Author: Kingshuk Nag
ISBN: 9789350292563
Publisher: HarperCollins Publishers India
Publication: December 1, 2013
Imprint: HarperCollins
Language: English

How an IT czar ran a $ 2 billion company to the ground .The story of the rise and fall of Ramalinga Raju, promoter of the blue-chip software company Satyam, has no parallel in Indian corporate history. He created a $ 2 billion company in a short period of time, only to leave it penniless. At the heart of the scandal lay the IT barons craving for land (his familys traditional business). To satisfy it, Raju pawned his shareholding in Satyam as well as in his real estate company, Maytas Infra, and allegedly siphoned off funds from both companies. In an elaborate cover-up, Raju also fudged Satyams books to inflate its revenues and profits, to increase the value of its shares. Raju was able to do this for eight years-until the recession hit in 2008 and the bubble blew in his face.Having come into the IT industry by accident-he was not a technology professional himself-Raju became the toast of Hyderabad as he built a company spread across sixty-six countries in five continents. Close to the powerful and the rich, Raju also created a parallel real estate empire, going on to successfully bid for the Hyderabad metro rail project, the one act that brought his house of cards crashing down.How did Raju amass his IT and real estate empires? How could he hoodwink the law, the shareholders, and his employees for so long? This unputdownable fly-on-the-wall narrative, written with incisive depth by Kingshuk Nag, resident editor of the Hyderabad edition of The Times of India, captures the dramatic story of Rajus life.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

How an IT czar ran a $ 2 billion company to the ground .The story of the rise and fall of Ramalinga Raju, promoter of the blue-chip software company Satyam, has no parallel in Indian corporate history. He created a $ 2 billion company in a short period of time, only to leave it penniless. At the heart of the scandal lay the IT barons craving for land (his familys traditional business). To satisfy it, Raju pawned his shareholding in Satyam as well as in his real estate company, Maytas Infra, and allegedly siphoned off funds from both companies. In an elaborate cover-up, Raju also fudged Satyams books to inflate its revenues and profits, to increase the value of its shares. Raju was able to do this for eight years-until the recession hit in 2008 and the bubble blew in his face.Having come into the IT industry by accident-he was not a technology professional himself-Raju became the toast of Hyderabad as he built a company spread across sixty-six countries in five continents. Close to the powerful and the rich, Raju also created a parallel real estate empire, going on to successfully bid for the Hyderabad metro rail project, the one act that brought his house of cards crashing down.How did Raju amass his IT and real estate empires? How could he hoodwink the law, the shareholders, and his employees for so long? This unputdownable fly-on-the-wall narrative, written with incisive depth by Kingshuk Nag, resident editor of the Hyderabad edition of The Times of India, captures the dramatic story of Rajus life.

More books from HarperCollins Publishers India

Cover of the book The Battle for Sanskrit: Is Sanskrit Political or Sacred, Oppressive or Liberating, Dead or Alive? by Kingshuk Nag
Cover of the book The Heat and Dust Project: The Broke Couple's Guide to Bharat by Kingshuk Nag
Cover of the book A Scrapbook of Memories by Kingshuk Nag
Cover of the book Start-up City: Ten Tales of Exceptional Entrepreneurship from Bangalore's Software Miracle by Kingshuk Nag
Cover of the book Life & Times of Mr. Subramaniam by Kingshuk Nag
Cover of the book Palatwaar by Kingshuk Nag
Cover of the book Finding A Purpose In Life : 26 People Who Inspired The World by Kingshuk Nag
Cover of the book Cancer Predictions 2017 by Kingshuk Nag
Cover of the book He Is Honey, Salt and the Most Perfect Grammar by Kingshuk Nag
Cover of the book Aapki Sampurn Bhavishyavani 2018: Dhanu by Kingshuk Nag
Cover of the book Satyajit Ray: Storyteller to Moralist by Kingshuk Nag
Cover of the book Mera Naam Joker by Kingshuk Nag
Cover of the book Savithri's Special Room and Other Stories by Kingshuk Nag
Cover of the book India 3.0: The Rise of a Billion People by Kingshuk Nag
Cover of the book Bejan Daruwalla 2014 Horoscope - Mesha by Kingshuk Nag
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy