Ramdeo Agarwal must be laughing his way to the bank as his top stock pick South Indian Bank delivers a fabulous 55% return in just three months. South Indian Bank delivered strong Q2 FY 2011 results and looks to be on its way to become Ramdeo Agarwal‘s latest multibagger stock
It is now official that Rakesh Jhunjhunwala has bought into the shares of VIP Industries causing a 30% gain in just one week. The share has quintupled (577%) in one year. We check to see if any juice is still left in VIP Industries for us.
Raj Rajaratnam’s, the billionaire founder of Galleon Group, was the story that dreams are made of. However, he now stands charged in a $20 million insider trading scheme by the U.S. Securities and Exchange Commission. The SEC says that he didn’t deserve his reputation for “genius trading strategies” or “astute study of company fundamentals or marketplace trends” but that it was a simple case of insider trading.
I am blessed by Mata Sikotar. I have divine powers. I can treble your money. If you give me one lakh today, I will give you three lakhs next week.
Ramalingam Raju, promoter of Satyam Computer Services has admitted that a massive fraud was committed by him and that the books of account of the Company are fraudulent. The text of the letter written by Mr. Ramalingam Raju is here.
It amuses me that it is not just us ignorant in god-forsaken third world countries who get taken for a ride occasionally by smooth-talking scamsters but even storied and so-called sophisticated investors ……… The Bernard Madoff scam being a case in point. The list of defrauded victims reads like a who’s-who of the financial world. HSBC (1 billion), Royal Bank of Scotland Group PLC ($492,760,000), BNP Paribas, Nomura Holdings and hundreds of others.
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