STOCK VINDALOO - SHADY INDIAN INVESTORS
TAKE GRIP OF A U.S. FIRM - Aug 7, 2006.
http://pqasb.pqarchiver.com/nypost/results.html?st=advanced&QryTxt=Stock+Vindaloo&sortby
=REVERSE_CHRON&datetype=0&frommonth=08&fromday=01&fromyear=1998&tomonth=
11&today=08&toyear=2006&By=Christopher+Byron&Title=Stock+Vindaloo%2C+Shady+Indian
+Investors+take+grip+of+a+US+Firm
Abstract (Document Summary)
[Kannan Ramasamy] had been running the
U.S. operations of an Indian outsourcing company called Scandent
Group, when in 2002, [Dinesh Dalmia] sold the company millions
of dollars worth of U.S. business contracts that he had apparently
stolen from his own backers in India.
In early 2006, yet another man with close
ties to Dalmia, [Pawan Kumar], joined Scandent in a top job,
as head of its operations in India. Kumar had earlier worked
directly for Dalmia as chief executive of a Dalmia-controlled
company called DSQ Software Ltd.
As it happened, DSQ Software was the very
same company that Dalmia had looted of its U.S. business contracts.
Now, Scandent was apparently inviting Dalmia's top man in
India back to help manage the stolen assets.
Reproduced with permission of the copyright
owner. Further reproduction or distribution is prohibited
without permission.
Buy Complete Document: Full
Text
|
