No love lost between Yahoo! India and Sify
Alright this is a strange story and worth sharing. (via DNAIndia)
Apparently, six Yahoo! India (Nasdaq: YHOO) employees used forged ID cards to get into Lakme India Fashion Week and took unauthorized photographs. Sify’s (Nasdaq: SIFY) broadband portal, SifyMax, was one of the official sponsors of the event and even has some exclusive content on their site.
Sify officially filed a police report against Yahoo! India and some of its top executives. Madras High Court granted interim transit bail to two top Yahoo executives, but instructed them to deposit their passports with the court. So who are these top executives?
- George Zacharias - Sify’s former COO
- Ajay Nambiar - Headed consumer channels for Sify before moving on to Yahoo.
It seems like Yahoo’s executives in India are not doing much better then their counterparts in the United States.
* I am long SIFY
December 8th, 2006 at 1:13 am
i remember Ajay Nambiar. he used to head customer support division at Sify Broadband a while back…
December 8th, 2006 at 2:01 am
Hi,
Here is what Yahoo! India has to say against this whole issue.
Yahoo! India Clarifies press report
Mumbai, India 7th December : Yahoo! India a leading internet portal in India clarifies the report appearing in DNA Money – on December 7th , 2006.
Yahoo! India clearly states the following, based on the DNA report:
DNA : Sify Vs. Yahoo! legal battle over the alleged forgery of Sify ID cards by 6 Yahoo! employees to gain entry to the LFW event in Mumbai last month.
Yahoo! clearly states :
There is no allegation that six Yahoo!India employees tried to gain entry to LFW. This was erroneously quoted in media in November and subsequently clarified by Yahoo! India.
The complaint, by Mr. Mane, a Sify employee, actually alleges that another Sify employee took two freelancers into the LFW event in Mumbai, allegedly claiming that they were Sify employees, to shoot videos.
No employee of Yahoo! India was present at the LFW event, yet George Zacharias and Ajay Nambiar, both ex-Sify employees have been named in the complaint. Further, the misrepresentation of facts, by the media, is sensationalizing the matter unnecessarily.
DNA : Madras High Court granted interim transit bail to two top Yahoo! executives but instructed them to deposit their passports with the court.
Yahoo! clearly states:
It is normal procedure to seek transit bail, in such cases where an FIR has been registered. This has been granted by the Madras High Court.
As a normal condition for transit bail, they have to submit their passports within the time period specified by the court.
This matter is now subjudice.
December 10th, 2006 at 8:12 pm
Brian,
Thanks for leaving the comment. I would love to update the article with Yahoo’s side of the story. Do you have a link to Yahoo! clarification that you posted above?