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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 ...
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.
Jul 11, 2024 · The Satyam scam (Satyam computers scam) was finally exposed early in 2009. Analysts dubbed the scam as India’s own Enron. Today, we take a look at the scandal that hit the nation in the midst of a recession how it was carried out, its effects, and how it was dealt with.
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...
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...
May 20, 2015 · The multi-crore Satyam Computers corporate scam was a jolt to the market, especially to Satyam stock-holders. A look at all the aspects of one of the biggest corporate frauds that raised...
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...
Sep 29, 2011 · Rescaling Satyam: Few milestones achieved in long journey; back to recovery and respect. By. N Shivapriya. , ET Bureau Last Updated: Sep 30, 2011, 11:40:00 AM IST. Synopsis. Some 20 months after the Satyam scandal and 17 months after Mahindra acquired it, Mahindra Satyam has come a long way. ET Bureau.
Apr 9, 2015 · Satyam scandal prime accused B Ramalinga Raju, once the poster boy of the ITeS industry, and his brother B Rama Raju were sentenced Thursday to seven years rigorous imprisonment and fined Rs 5.5 crore each after they were convicted by a special court in the Rs 7,800-crore accounting fraud that shook the country six years ago.
Jan 11, 2018 · Nine years after India's then tech major Satyam brought shame to the country, and left the entire global corporate community shocked by manipulating accounts to the tune of Rs 9,000 crore, the...
