Search results
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 ...
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.
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...
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 · Raju, 60, the founder of the erstwhile Satyam Computer Services, was sentenced by Special CBI Court Judge BVLN Chakravarthi to seven years in jail and fined Rs 5 crore for his part in falsifying the firm’s books to the tune of Rs 7,136 crore.
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,...
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...
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...
