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The Satyam Computer Services scandal was India's largest corporate fraud until 2010. The founder and directors of India -based outsourcing company Satyam Computer Services, falsified the accounts, inflated the share price, and stole large sums from the company. Much of this was invested in property. The swindle was discovered in late 2008 when ...
What is the Satyam scam about? It is about corporate governance and fraudulent auditing practices allegedly in connivance with auditors and chartered accountants.
Jul 18, 2023 · Rs.7800 crore! Satyam Scam shook the nation to its core. It highlighted how much we lacked in the following segments- Corporate governance.
Jun 28, 2023 · The Satyam fraud was considered worth Rs. 7800 crores and was formerly regarded as India's largest business scandal. The Satyam scam highlighted a lack of corporate governance, auditing standards, regulatory monitoring, and ethical behavior at one of India's largest IT firms.
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.
Nov 19, 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 ...
Apr 9, 2015 · A special court under India’s Central Bureau of Investigation (CBI) on April 10 held the founders and former officials of outsourcing firm, Satyam Computer Services, guilty in an accounting scam...
Nov 2, 2018 · Passing a fresh order in the nearly a decade-old Satyam scam, SEBI barred B Ramalinga Raju and three other entities from the securities markets for 14 years and directed them to return Rs 813...
Dec 1, 2023 · The Securities and Exchange Board of India (SEBI) has asked promoters of Satyam Computer Services (SCSL) to disgorge ₹624 crore of unlawful gains, along with simple interest at the rate of 12...
Jan 7, 2009 · The chairman of India’s Satyam Computer Services on Wednesday confessed to fixing the IT outsourcing company’s books for the past “several” years, the country’s first major fraud case to emerge...
