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Jul 11, 2024 · Learn how Satyam Computer Services, a leading IT company, was exposed for inflating its profits and assets by its founder Raju. Find out how the scam was carried out, its effects, and the aftermath of the scandal.
5 days ago · The Satyam Scam was a major corporate fraud involving Satyam Computer Services Ltd., where its founder B. Ramalinga Raju falsified the company’s accounts by over $1.47 billion to inflate revenue, assets, and underreport liabilities, misleading investors and stakeholders.
4 days ago · In January 2009, Raju indicated that Satyam's accounts had been falsified over a number of years. Total assets on Satyam's balance sheet tripled during 2003–07 to $2.2 billion. He confessed to an accounting fraud to the tune of ₹ 7,000 crore or $1.5 billion and resigned from the Satyam board on 7 January 2009.
Jul 1, 2024 · Satyam scam means a huge corporate fraud committed in 2009 by Ramalinga Raju, the founder and chairman of Satyam Computer Services. He admitted to exaggerating sales, earnings, cash balances, and personnel numbers in the company’s books.
Jun 30, 2024 · The infamous Satyam Scam is in the limelight again. After more than a decade, the Securities and Exchange Board of India has levied a fine of Rs 10 lakh on T.A.N Murti for insider trading. Mr Murti was the head of investor relations at Satyam Computer Services Ltd.
Jul 7, 2024 · The latest Delhi HC ruling is significant as post the break out of Satyam scam in January 2009, the CA Institute has been taking a stance that it enjoyed power to proceed against the erring firm.
Jul 8, 2024 · Subsequent years saw a string of high-profile corporate fraud cases in India, including the Satyam Computer Services scandal, the Kingfisher Airlines debacle, and more recent incidents involving companies like IL&FS and DHFL.
