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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...
Dec 20, 2023 · Satyam was the first Indian company listed on the NYSE, Euronext Amsterdam, and the National Stock Exchange (NSE). Further, it was the first global company to use the AFM’s Fast Path application—a speedy method—to cross-list on Euronext Amsterdam.
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...
Apr 23, 2020 · In 2001, Satyam became world’s first ISO Company to be certified by BVQI. In 2003, Satyam started providing IT services to World Bank and signed up a long term contract with it. In 2005, Satyam was ranked 3rd in Corporate Governance Survey by Global Institutional Investors.
Jul 18, 2023 · Today, people remember Satyam Computers Services as the biggest corporate scammer rather than a famous IT company. With scams, you may assume that Satyam’s owners might have taken away the money as loans like Nirav Modi or Vijay Mallya.
Jan 7, 2016 · The Satyam scandal was the largest accounting fraud in the history of corporate India and dubbed India's Enron, a reference to the American energy company that collapsed due to a mammoth accounting scandal.
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What was the Satyam Computer Services scandal?
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 ...
