Satyam fiasco: Too difficult to enforce rules?
Earlier this week, Satyam's proposed $1.6 billion acquisition of two Maytas companies caused quite a stir. Indeed, as the investor community bristles at the almost blatant attempt by Satyam to push through a promoter friendly scheme, regulators like the Securities Exchange Board of India (SEBI) seem to be showing little concern, despite the complete failure of corporate governance.
