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Article: INDIAN NEWSPAPER HIGHLIGHTS - MAY 4, 2009.

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AsiaPulse News
Article date:
May 4, 2009
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NEW DELHI, May 4 Asia Pulse - Highlights of today's newspapers:

THE ECONOMIC TIMES:

- Satyam Computer Services' (BSE:500376) arrested founder Ramalinga Raju and family systematically offloaded their stakes in the company while artificially inflating the stock price with imaginary profits and brand-building efforts, the Serious Fraud Investigation Office (SFIO) has told the government after its three-month probe into the country's worst corporate scandal.

The promoters gained a total of Rs 30.29 billion (US$607.61 million) since 2000, when the Satyam scrip was on a bull run. The scrip had closed at an all-time high of Rs 7,081 in February 2000. ...

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