Advertisement

HindustanTimes Tue,21 Oct 2014

Penalised for picking up victim: Gurnani

PTI  New Delhi, January 24, 2013
First Published: 21:45 IST(24/1/2013) | Last Updated: 22:20 IST(24/1/2013)

Ready for a new chapter in its journey, once scam-hit and now a totally reformed IT firm on a growth path, Mahindra Satyam has said tax and other cases against it are like penalising the ambulance for picking up victims.

Advertisement

"It's been 8-10 quarters of stellar performance by Mahindra Satyam, world has moved on and other than few outstanding legal hassles including those relating Enforcement Directorate and Income Tax authorities in India, most of the other cases have been settled," Mahindra Satyam chief CP Gurnani told PTI.

After a biggest ever accounting fraud came to the light in January 2009, Satyam Computer was later acquired by Mahindra group in a government-monitored auction and renamed as Mahindra Satyam.

"It is a very positive news when you look at it in a holistic context. A company, which was almost written off by investors, public 4 years ago, is now strong again and is running fully," he said.


Advertisement
more from Business

Hindalco, Jindal shares surge on govt decision to auction coal blocks

The new auction-based system will replace the earlier controversial policy of allotting coal blocks based on recommendations of a panel of bureaucrats, which the Supreme Court had struck down last month as arbitrary.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved