Atul Karmarkar.Com

Across the world, and particularly in India, using a credit card to shop online has always been fraught with danger, though you’re just as likely to have your card cloned when paying a bill at a restaurant. Visa Europe now tries to add a layer of security for all those who are paranoid / terrified [...]

Came across a  pretty interesting piece in the DNA which sought to place the confession by Satyam’s Ramalinga Raju in perspective with statements by P.Chidambaram early last year, while presenting the Budget as the FM at the time. Raju confessed that he had overstated profits, which is possible either by creating make-believe revenues or by understating costs. Raju did the [...]

Satyam Computer Services was thrown into disarray yesterday as Chairman Ramalinga Raju, in a letter sent to Satyam’s Board as well as the market regulators, admitted to cooking up the books as part of a massive fraud, tentatively pegged at close to Rs.7,000 crore. Satyam, already reeling under the impact of the aborted Maytas deal and corporate governance issues, [...]

Satyam Computer Services, India’s 4th biggest software services provider, has been caught with it’s pants down, after it announced plans to acquire Maytas Infra and Maytas Properties for $1.6 bn – 51% in Maytas Infra for $1.3 bn and 100% in Maytas Properties for $300 mn. The key point here being that the money would go to the promoters of these [...]

Bernard Madoff, former NASDAQ chairman, market maker for over 350 companies on the exchange and supposedly a man with a midas touch, has been arrested on account of running a giant $50 billion “Ponzi scheme”, which is likely to see a number of corporate entities and well heeled individuals part ways with their millions / billions. Founder of [...]

The Crime Branch of Pune police have arrested four persons for cheating almost 30 customers of Hotel Le Meridien, Pune. This quartet was creating duplicate credit cards from those belonging to customers and then using them to make purchases. It seems one of the persons was a cashier at the Chingari Restaurant in Hotel Le Meridien, and he used credit [...]

According to a ruling by the Supreme Court, top executives of an organisation, such as a Director / CEO / Managing Director, can be prosecuted if a cheque signed by them bounces due to insufficient funds. This can happen if the person filing the complaint makes a specific charge against such persons in their complaint.