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  1. Nov 16, 2019 · The Satyam scam was one of the largest corporate scams in India. The founder of Satyam Computers, Ramalinga Raju, admitted in 2009 to falsifying the company's accounts over several years, inflating cash balances and revenues. This impacted over 50,000 jobs and damaged India's reputation.

  2. Apr 10, 2021 · WHAT HAPPENED TO THE SATYAM POST SCAM • Government appointed new BOD and set the target to sell Satyam within 100 Days. • 46% stake in Satyam Computer Services ltd. purchased by Tech Mahindra in public auction.

  3. Aug 30, 2018 · Satyam Scam. Ramalinga Raju, the former chairman of Satyam Computers, confessed in 2009 to manipulating the company's accounting for years and overstating assets by $1.47 billion. He had created fake bank accounts and salary accounts to inflate Satyam's financial reports.

  4. Jul 18, 2024 · On January 7, 2009, Ramalingam Raju disclosed in a letter to the Board of Directors that he had been manipulating the company’s accounting numbers for years which are estimated to range from 2003-08. Mr. Raju claimed that he overstated assets on Satyam’s balance sheet by $1.47

  5. Jan 3, 2020 · Satyam Scam-case study Sh. J. L. Negi GM/RBI/CBI jlnegi@rbi.org.in gmrbi@cbi.gov.in Introduction • Satyam Company Services Ltd. was incorporated on June 24, 1987 • Promoters holding of the shares in 1992 was 18.78% • Main business of the company was IT related fields and it came into prominence after Y2K problem • In 1991, it was in a ...

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  6. India's Satyam Accounting Scandal: How the Story Unfolded. Patel Madhusmita. Scandals are often the " tip of the iceberg ". They represent the 'visible' catastrophic failures. An attempt is made in this paper to examine in-depth and analyze India's Enron, Satyam Computer's " creative-accounting " scandal.

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  8. Nov 18, 2023 · The Satyam scam sent shockwaves through the Indian economy, eroding investor confidence and shattering the image of India’s corporate sector. The company’s stock price plummeted, wiping out...