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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. The company misrepresented...
Mar 16, 2022 · Victims of the Satyam fraud case. Satyam employees had stressful moments and restless nights as they faced nonpayment of salary, project cancellations, layoffs, and equally gloomy outside employment chances. They were morally, financially, legally, and socially trapped in a variety of ways.
Apr 9, 2015 · HYDERABAD: Six years after the biggest accounting fraud shook the corporate world in India, Satyam founder B Ramalinga Raju was on Thursday sentenced to 7 years in jail and was fined Rs 5 crore by a special court in Hyderabad. Nine other accused were also sentenced to seven years rigorous imprisonment. Raju had already spent 32 months in jail.
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...
Apr 9, 2015 · Hyderabad: A special court on Thursday sentenced B. Ramalinga Raju, founder of the erstwhile Satyam Computer Services Ltd, and nine others to seven years of rigorous imprisonment,...
Jan 9, 2009 · In one of the biggest frauds in India's corporate history, B. Ramalinga Raju, founder and CEO of Satyam Computers, India's fourth-largest IT services firm, announced on January 7 that his company had been falsifying its accounts for years, overstating revenues and inflating profits by $1 billion.
Apr 9, 2015 · Former chairman of Satyam Computer Services Ltd. B. Ramalinga Raju and nine others, two of them family members, were sentenced to seven years rigorous imprisonment on Thursday in the...
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...
Apr 9, 2015 · By Nivedita Bhattacharjee MUMBAI (Reuters) - The founder of Satyam Computer Services, once India's fourth-largest software services firm, was sentenced to seven years in prison after being...
