Cody Taylor

theodp writes “Indian police arrested two employees from the affiliate of PricewaterhouseCoopers who audited Satyam Computer Services, the IT outsourcing giant at the center of the nation’s largest fraud inquiry. The move comes after Satyam founder Ramalinga Raju said he had fabricated billion of assets and confessed to making up more than 10,000 employees to siphon money from the software company. State Farm Insurance has severed its ties with Satyam, citing uncertainty about the company’s future as ‘the only factor responsible for the termination of the contract,’ which will reportedly affect at least 400 on-site Satyam employees. Other customers, including GE, are standing by Satyam, one of the top recipients of H-1B and L visas (so much for those 0 Fraud Prevention and Detection fees!).”

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internationalflights tips news that Barack Obama, in his first weekly address as President, has mentioned plans to set up a website for tracking “how and where we spend taxpayer dollars.” Details about the website, Recovery.gov, are available within the American Recovery and Reinvestment Act of 2009 (PDF). The website “shall provide data on relevant economic, financial, grant, and contract information in user-friendly visual presentations to enhance public awareness of the use funds made available in this Act,” and will also “provide a means for the public to give feedback on the performance of contracts awarded for purposes of carrying out this Act.” The site itself currently contains a placeholder until the passage of the Act.

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