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World Cup 2010, Brought To You By “India’s Enron” Posted: 08 Jan 2009 08:10 AM PST
But looks like Satyam (an Indian computer company) could be about to lose their spot among the hallowed six for 2010, after a massive massive accounting fraud. Basically Satyam has been over-reporting its worth (aka “lying”) as “founder and chairman Ramalinga Raju admitted on Wednesday to inflating Satyam’s reported cash and bank balances by over 50 billion rupees ($1 billion)”, and earning Satyam the unwanted tag of “India’s Enron”.
Which means a gap could be about to open up as a WC sponsor alongside Budweiser, McDonalds, Castrol, Continental and MTN. And I have an idea. World Cup Blog should sponsor the World Cup. We might struggle to afford it (I have £1 and 22 pence on my desk here, plus one American quarter) but at least then they’d let us use the damn logo. |
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