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Jan 16, 2009 · The Satyam fraud is baffling because, unlike Madoff and Enron, it seems that it was so transparent it should have been spotted much earlier, before it grew to a point where it will likely bring ...
Jan 7, 2019 · Post scam, Satyam morphed into Mahindra Satyam, which later merged into Tech Mahindra. In fact, Kiran Karnik, the former president of NASSCOM and a thought leader, who was also a member on that ...
Apr 22, 2014 · The chapter of Satyam scam is finally set to close as far as the accounting regulator, ICAI, is concerned. The Institute of Chartered Accountants of India (ICAI) has imposed a life-time ban on four auditors — S Gopalakrishna, Talluri Srinivas, V Srinivasa and VS Prabhakara Rao — involved in the Satyam Computers accounting fraud.
Feb 2, 2023 · Satyam case: Sebi asks Ramalinga Raju, five others to disgorge unlawful gains worth over Rs 624 crore. The scam at Satyam Computer Services came to light on January 7, 2009, when Ramalinga Raju, then the company's Chairman, admitted to manipulating the company's accounts.
Apr 9, 2015 · Satyam scam untangled: - 2003-2008: False clients, projects and invoices created to boost companies profile - 2009: Satyam reports Rs 5200 cr sales vs real sales of Rs 4100 cr - 2009: Satyam reports 24% profits vs real profits of 3% - Damages calculated at Rs 7900 cr Satyam scam probe: - Concurrent probe by CBI, ED, SEBI
Apr 10, 2015 · “Satyam is an exemplary case where the government of India, through the department of company affairs, intervened and ensured that the company did not fail and become bankrupt due to the fraud ...
Jan 22, 2009 · The fraud at Satyam is similar to that of Italian diary and food products maker Parmalat, which was accused in 2003 of falsifying 3.9 billion euros in bank accounts, according to Bushee. “They ...
