Search results
Jul 18, 2023 · So, in this write-up, we will delve into the Satyam Scam Case Study. Also, we will look at the significant changes made in Indian laws to prevent such scams. Stay tuned! A Brief Overview of the Scam. Satyam Scam is a corporate fraud of 2009 committed by Ramalinga Raju. He was the chairman of the Satyam Computer Services.
Satyam Scandal for UPSC, corporate governance and compliance; get a brief on the Satyam fraud scandal for UPSC 2021 preparation, economy section of the UPSC syllabus
Apr 9, 2015 · Analysis: Theo Leggett, BBC News. It's often described as India's Enron - and certainly the fraud at Satyam had much in common with the scandal that brought down the US energy giant in 2001.
Jul 27, 2020 · The provision was long needed and its lack was felt harshly when Satyam Scam occurred in 2009. The Indian shareholders could not claim any money while US courts provided relief to the American investors through class action suits. In a class-action suit plaintiffs harmed by a common defender can all hold him liable in a single suit.
Apr 9, 2015 · After more than 6 years, a CBI special court in Hyderabad has found former Satyam chairman Ramalinga Raju and nine others guilty of corporate fraud in the infamous Rs 14,000 crore Satyam case.
Jan 11, 2018 · Raju received a seven-year jail sentence in April 2015, one of four Satyam executives to be convicted in connection with the fraud. Sebi had previously issued fines worth $291m to the former ...
Apr 9, 2015 · # After the scam, Tech Mahindra took over Satyam Computers in a government sponsored auction. Mahindra Satyam later merged with Tech Mahindra. # An economic offences court on December 8 last year sentenced Ramalinga Raju and three others to six months imprisonment in six of the seven cases filed by the Serious Fraud Investigation Office (SFIO).
