201:. He was constantly seen in the New Brunswick area of New Jersey driving luxury cars and often eating at Udipi Cafe. He has been indicted in 2006 by the FBI in the United States on multiple charges of fraud. However, in the year 2011 he has been released on bail in all cases in India. There are rumors that he has also entered into a settlement in the United States. Some social commentators see lack of corporate governance more as a part of a broader problem relating to India's family-owned corporate environment. DSQ is cited in the list of major corporate scams of India, along with
149:, India was a publicly listed IT and Software services consulting company mainly operated overseas using its base in India. DSQ was in the league of IT companies operating from India during the tech-boom of 1990s, that mainly catered demands from western markets for project services and technical manpower and IT skills. Company was known as Square D Software Ltd when it was incepted in 1992 and later on changed its name to DSQ Software in the year 1997.
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agreements were sold to a privately held company. Year 2003 saw DSQ's collapse and there was very minimal business activities as the promoter was rumored to have disappeared from the scene in order to avoid legal proceedings. DSQ Software is operationally dormant as per the trading information submitted for the year 2005. As per
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consultancy firm valued the human resources capital of DSQ at $ 1bn. DSQ had an impressive list of international clients and it posted year-on-year increasing revenues till year 2000. From the year 2002, DSQ's market presence diminished when its lucrative operations and client service contract
197:, India in 2006 for various fraud charges. It was later established that Dalmia was in the United States from 2003 to 2006 trying to perpetuate fraud in computer equipment leasing market by setting up businesses using fake names and deals purportedly
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Managing director got entangled in a series of share market controversies in relation to various partisan share allotments and transfer of equity made by DSQ from the year 1998 through to 2001.
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350:on 21 August 2000 – via Wayback Machine.
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433:"$ 19 Million Equipment Lease-Financing Scam"
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328:on 8 April 2001 – via Wayback Machine.
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362:"ADJUDICATION ORDER NO. PKK/AO/98/2011"
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318:"DSQ Financial Data"
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461:"Dalmia Indictment"
340:"DSQ Brochure data"
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532:The Hindu
154:Mainframe
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60:Founder
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