The India’s biggest business stock scandal threatens the country’s economy further more.Aberdeen was the company’s latest shareholder last year during the month of october and owned around 9 percent share of the firm.
The Aberdeen asset management has disclosed on thursday that they no longer hold shares for Satyam.
Aberdeen Asset Management Asia chief executive Hugh Young said that they were taken aback on hearing the scandal issues over one of the main stocks of India.The New York Stock Exchange has stopped trading with satyam with the intention to review the news.
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